LyondellBasell ends talks to sell French refinery

LyondellBasell has ceased discussions with Sotragem SA, Monaco, for the sale of its shuttered 105,000-b/d Berre refinery in France to Sotragem SAM.

After a comprehensive analysis, the company determined that Sotragem’s offered neither acceptable commercial terms nor any guarantee for a viable takeover of the refinery with an actual restart of its operations, LyondellBasell said.

While it continues to operate the petrochemical plant on the site, LyondellBasell halted refinery operations at Berre in January 2012 amid challenges facing the European refinery market, according to the company.

Sotragem, a petroleum products trading firm, came forward in September 2013 as the sole bidder for the Berre refinery, which was offered for sale beginning in 2011, LyondellBasell said (OGJ Online, June 7, 2011).

Despite the ending of talks with Sotragem, LyondellBasell said it remains committed to its core business operations at the Berre petrochemical cluster, adding that it has implemented several projects to enhance the competitiveness of its Berre cracker and downstream activities at the site over the past 2 years.

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