27 January 2011 17:50 [Source: ICIS news]
TORONTO (ICIS)--Italian refiner Saras said on Thursday that it is in preliminary contact with ?xml:namespace>
Saras said it had been asked by Italian stock market regulators for clarification after its share price rose sharply on a press report that cited comments attributed to Gazprom Neft's head of refining and petrochemicals development.
The news comes as Shell, ConocoPhillips and other oil firms are looking to sell or shut down some of their European refineries.
Russia's oil firms are seen as potential buyers. In October last year, Russian oil major Rosneft said it had bought a 50% stake in the Germany-based Ruhr Oel refining-petrochemicals joint venture.
In related industry news, the 500,000 bbl/day HOVENSA refinery in
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