Petroplus forced to shut down three European refineries due to strikes

Source: Petroplus

Petroplus Holdings AG (SIX: PPHN) has started a safe partial shut down of its Reichstett Refinery due to strike actions taken by workers at the refinery.

Oil & Gas Journal reports that the shut down is not because of the France-wide strike against the governmental retirement plans, but because the facility workers want to know what will become of the refinery, which may be decommissioned.

The remaining units are planned to be safely shut down at the beginning of next week. The restart of the refinery is dependent on the outcome of the strikes

Petroplus further announced that a meeting with the Works Council at the Reichstett facility to discuss the evolution of the site is scheduled on October 21, 2010. The company will provide further updates after the meeting via press release. 

Located near Strasbourg, France, off the River Rhine, the Reinchstett Vendenheim Refinery has a daily throughput capacity of 84,800 barrels of crude. 

Crude oil deliveries to the refinery are via the SPSE pipeline from Fos-sur-Mer in the South of France. Products are distributed primarily in the geographic region surrounding the refinery via truck and rail. The refinery also has product pipelines and connections to the Rhine for distribution by barge. 

Shut Downs Due to Labor Strike in Fos Sur Mer, France

Petroplus has also reduced crude oil processing at its Cressier Refinery due to the labor strike at the port in Fos Sur Mer, France, which is disrupting the supply of crude to the refinery. Petroplus is taking steps to continue to supply oil products to its customers. 

Additionally, on Oct. 14, Petroplus began to shut down its operations at the Petit Couronne Refinery due to a strike at the facility. 

Petroplus Holdings AG is the largest independent refiner and wholesaler of petroleum products in Europe. Petroplus focuses on refining and currently owns and operates six refineries across Europe: the Coryton Refinery on the Thames Estuary in the United Kingdom, the Belgium Refining Corporation Refinery in Antwerp, Belgium, the Petit Couronne Refinery in Petit Couronne, France, the Ingolstadt Refinery in Ingolstadt, Germany, the Reichstett Refinery near Strasbourg, France, and the Cressier Refinery in the canton of Neuchâtel, Switzerland. The refineries have a combined throughput capacity of approximately 752,000 barrels per day.

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