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.
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