Gunvor to buy, operate Antwerp refinery

Gunvor Group, a trading and logistics company registered in Nicosia, Cyprus, said it successfully bid to buy the 107,500 b/d refinery that financially strapped Petroplus Holdings AG has shut down in Antwerp, Belgium (OGJ Online, Dec. 30, 2011).

Gunvor said it will operate the refinery “on a long-term basis” and will retain all current workers.

Assets of Petroplus Holdings are being restructured under judicial administration.

The company also idled its refineries in Petit Couronne, France, and Cressier, Switzerland.

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