BP puts UK Coryton refinery up for sale

By OGJ editors
HOUSTON, June 27 -- BP PLC has started initial discussions with a number of potential buyers interested in its 163,400 b/cd Coryton refinery in Essex, UK. The divestiture stems from BP's decision to maintain a smaller network of European refineries.

The sale includes Coryton's distribution terminal next to the refinery and BP's UK bitumen business, which is integrated with the facility.

The buyer will be required to provide BP a long-term supply agreement and continuing use of the adjacent distribution terminal, BP said.

Excluding Coryton, BP owns or has interest in eight European refineries. Its principal refining assets are in Germany, Spain, and the Netherlands.

Related Articles

Suncor begins planned maintenance at two Canadian refineries

09/09/2014 Suncor Energy Inc. has started planned maintenance at both its 142,000-b/d refinery in Edmonton, Alta., and 85,000-b/d refinery in Sarnia, Ont., th...

European refiner squeeze seen in W. African crude changes

09/08/2014 European refining is pivotal in "a second wave of structural changes" pummeling West African (WAF) crude oil prices in response to growin...

Emission reductions under way at Moscow refinery

09/08/2014 Russian oil producer JSC Gazprom Neft is upgrading process furnaces and switching completely to gas from liquid fuels in an effort to reduce emissi...

US merchant bank to buy Newfoundland refinery

09/08/2014 Harvest Operations Corp., a wholly owned subsidiary of Korea National Oil Corp., has agreed to sell its 115,000-b/d refinery in Come-by-Chance, New...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected