Hydrocarbon Processing Copying and distributing are prohibited without permission of the publisher
Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.



Pertamina may buy LyondellBasell French refinery

11.13.2012  | 

The LyondellBasell refinery is under restructuring and its refining units are being mothballed through to the end of 2013 after the company was unable to find a buyer. The refinery would be the third to stop operations in France over the past years amid low demand in the region.

Keywords:

By INTI LANDAURO

PARIS -- French industry minister Arnaud Montebourg said Tuesday that Indonesia's state-owned oil company Pertamina is interested in the LyondellBasell-owned Berre oil refinery in southern France.

The refinery is in the process of being mothballed.

"The minister and his team are fully committed to try to make a solution with future for the refinery and its employees," the ministry said Tuesday in a statement.

The LyondellBasell refinery is under restructuring and its refining units are being mothballed through to the end of 2013 after the company was unable to find a buyer.

The refinery would be the third to stop operations in France over the past years as the whole business lost profitability because of low demand in the region, overcapacity and rising competition from refiners in the Middle East and Asia.

A fourth refinery is in trouble in Petit-Couronne on the country's northern coast after its owner, Swiss-based company Petroplus, filed for protection from creditors.


Dow Jones Newswires



Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

N. Berluzzi
11.16.2012

This wannabe global company put its foot in the mouth with grandiose plans for acquisition, production sharing, upgrade of domestic refineries. The upshot is that they don't know that walk the talk is an important part how other view the company. Pertamina is looked upon as a serious player is upstream and downstream. So also this plan for LyondellBasell is all smoke. Owners better continue mothballing.

Related articles

FEATURED EVENT


Sign-up for the Free Daily HP Enewsletter!

Boxscore Database

A searchable database of project activity in the global hydrocarbon processing industry

Poll

Should the US allow exports of crude oil? (At present, US companies can export refined products derived from crude but not the raw crude itself.)


65%

35%




View previous results

Popular Searches

Please read our Term and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2014 Hydrocarbon Processing. © 2014 Gulf Publishing Company.