EU refining purge

There have been too many refineries in Europe for longer than most refiners care to remember, but closures have been slated only recently. It used to be cheaper for refiners to keep plants running than to close them, but tighter European Union fuel specifications due in 2000 and cutthroat market conditions have changed all that. Shell Europe Oil Products (SEOP) became the first company to embark on a massive pruning of its refining and marketing portfolio. It decided to close Shell Haven

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