Firm pulls bid for Petroplus refinery in France – reports

31 August 2012 16:28  [Source: ICIS news]

LONDON (ICIS)--Hong Kong-based Alafandi Petroleum Group has withdrawn a bid for the 161,800 bbl/day Petroplus refinery at Petit Couronne near Rouen in northwest France, French media reported on Friday.

The reports, citing Petroplus’ French insolvency administrators, said that after Alafandi’s withdrawal the only bid left for the refinery was by Netoil, a United Arab Emirates-based energy firm.

Alafandi could not be reached for comment on Friday. On its website, the company still posted details about its bid, but added that the offer was not complete. Petroplus and its administrators were not immediately available to comment.

The Petit Couronne refinery is one of five European refineries affected by the insolvency of Switzerland-based independent oil firm Petroplus earlier this year.

Petroplus refineries in Germany, Belgium and Switzerland have been sold to oil trading firms, and Petroplus UK refinery will be converted into an oil terminal.

Petit Couronne recently restarted operations after Shell agreed to supply the unit for a limited time. Shell had sold the refinery to Petroplus in 2008.

The plant supplies a number of downstream customers in the chemical industry, including French plants of US-based lubricants additives major Lubrizol.


By: Stefan Baumgarten
+1 713 525 2653



AddThis Social Bookmark Button

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.

Printer Friendly

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