30 June 2010 13:31 [Source: ICIS news]
LONDON (ICIS news)--Neste Oil has sold its Portuguese unit, Neste Oil ?xml:namespace>
The divestment would have a minor positive impact on Neste Oil's second-quarter earnings, the company said.
"This divestment allows Neste Oil to focus on its strategic priorities. Repsol is in a natural position to develop the ETBE site as an integrated part of their Sines petrochemical site," said Matti Lehmus, Neste Oil’s executive vice president, oil products.
Repsol Polimeros is owned by integrated global oil and gas company, Repsol YPF.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections