Petroplus shuts down another refinery due to labor strikes

By Phaedra Friend Troy

European refiner Petroplus Holdings has started shutting down its Cressier refinery in Switzerland because of crude oil supply disruptions due to the labor strike at the port in Fos Sur Mer, France.

While Petroplus is working to supply oil and products to its customers, it is unclear as to when the strike will be over and the refinery can restart.

French workers are protesting an increase to the age at which to retire, from 60 to 62, and the French finance minister has speculated that the strikes are costing the French economy some $557 million a day.

This is not the only refinery that Petroplus has had to close recently. The company had begun slowing operations at its Cressier refinery two weeks ago, due to the French labor strikes. Additionally, Petroplus shut-down its Petit Couronne refinery in France.

Furthermore, the company is permanently shutting its Reichstett refinery in France and converting it into a terminal.

 

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