Pertamina may buy LyondellBasell refinery in France – minister

13 November 2012 19:06  [Source: ICIS news]

LONDON (ICIS)--France’s minister of industrial renewal has received a letter of intent from Indonesia’s state-owned oil and petrochemicals major Pertamina to buy LyondellBasell’s mothballed 105,000 bbl/day refinery at Berre-l’Etang near Marseille, he said on Tuesday.

Arnaud Montebourg said that in the letter Pertamina confirmed its interest in buying the refinery. In July, Montebourg had informed media about a potential buyer for the plant, but at the time he did not disclose names.

Montebourg added that his ministry remains committed to finding a solution for the refinery and its workers.

LyondellBasell mothballed the plant earlier this year after failing to find a buyer. 

David Harpole, a Houston-based LyondellBasell spokesman, told ICIS that the Berre refinery remains mothballed with a view to selling it to "a qualifed buyer".

Montebourg is also involved in efforts to find a buyer for the Petit Couronne refinery near Rouen in northwest France. According to French media reports this week, the minister is in talks with investors in Libya to buy that plant.

Petit Couronne was one of five refineries affected by the insolvency of Switzerland-based independent refiner Petroplus earlier this year.

By: Stefan Baumgarten
+1 713 525 2653

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