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SWITZERLAND


CAPITAL: BERN
MONETARY UNIT: FRANC
REFINING CAPACITY: 132,000 B/CD
OIL PRODUCTION: 0
OIL RESERVES: 0
GAS RESERVES: 0

Petroplus International NV, Amsterdam, completed its $131 million acquisition of Royal Dutch/Shell Group's Cressier refinery and associated assets in Switzerland.

Petroplus said the deal would double its refining capacity, increase marketing volumes, and add up to 875,000 cu m of additional storage capacity apart from the refinery.

Announced in December 1999, the deal would give Petroplus the 68,000-b/d Cressier refinery, Shell's wholesale commercial sales operations in Switzerland, storage depots, and Shell's share in the pipelines that supply the refinery.

Shell Switzerland kept its motor gasoline retail, aviation fuel, and LPG marketing operations. Petroplus entered into long-term contracts for the supply of those products to Shell.

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