Tag Archives | Lavéra

ineos.jpg

PetroChina offer $1bn for INEOS European refining JV

INEOS have today announced that PetroChina have made an “irrevocable offer of $1.015bn for a 50% share in its European refining business“. This is an excellent price, given the current weak performance of the European refining industry. INEOS’ negotiating team have clearly done a superb job in ensuring that PetroChina looked beyond these difficulties, and […]

Continue Reading