Rosneft, Saras eye processing-marketing JV

Rosneft and Saras SPA have entered an agreement declaring their intention to create a 50-50 joint venture for the processing of crude oil and sale of oil products.

“The joint venture is meant to allow the parties to capitalize on their respective upstream and downstream positions, focusing around Rosneft’s unique access to crude oil and other feedstock and Saras’s supply and trading opportunities around the Saras refinery,” the companies said in a joint statement.

Saras’s Sarroch refinery on Italy’s island of Sardinia has crude capacity of 300,000 b/d. Downstream capacities include 86,000 b/d of fluid catalytic cracking and 115,000 b/d of distillate hydrocracking.

Saras has tank farms in Italy and Spain and retail operations in Spain.

Related Articles

Future of Croatian refinery remains uncertain

09/19/2014 Croatia’s Ministry of Economy said it remains to committed to working with Hungary’s state-owned MOL PLC, a subsidiary of MOL Group, Budapest, to p...

PDVSA wraps major maintenance at Puerto La Cruz refinery

09/18/2014 Petroleos de Venezuela SA (PDVSA) has completed major maintenance on the atmospheric distillation unit at its 190,000-b/d Puerto La Cruz refinery i...

WoodMac: China, North America face propylene oversupply

09/17/2014 Oil and gas analyst Wood Mackenzie Ltd. forecasts that global propylene production capacity will increase to 165 million tonnes/year (tpy) by 2030 ...

AFPM launches web site to recruit refining, petchem employees

09/17/2014 The American Fuel & Petrochemical Manufacturers launched a workforce development web site to provide information for anyone seeking a career in...

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