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Green Marine

about 17 years ago

Lukoil buys Total stake in refinery Vlissingen

Total SA has exercised its rights to acquire a 45% share in the 147,000-b/d Vlissingen refinery in the Netherlands from Dow Chemical and entered an agreement to sell the stake to Lukoil at the end of June. Total owns 55% of the refinery. It said the sale to Lukoil is contingent on acceptance of the

1 minutes read

Total SA has exercised its rights to acquire a 45% share in the 147,000-b/d Vlissingen refinery in the Netherlands from Dow Chemical and entered an agreement to sell the stake to Lukoil at the end of June.

Total owns 55% of the refinery. It said the sale to Lukoil is contingent on acceptance of the deal by the competent authorities, including the European Commission’s competition regulators and, according to a Total spokesman, workers’ committees in France and the Netherlands.

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