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FACTBOX-European oil refineries sold and up for sale

Wed Nov 4, 2009 7:03pm IST
 
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 Nov 4 (Reuters) - Many European oil and chemical firms have
been looking to sell domestic refineries as demand for fuels and
petrochemical products has fallen more sharply in Europe than
most other areas of the world, hitting profit margins. 
 Following are the refineries around Europe that have been
sold or are up for sale:
 
 HARBURG, HEIDE, GERMANY 
 STANLOW, UK 
 * Royal Dutch Shell (RDSa.L: Quote, Profile, Research) has been in talks with India's
Essar Oil (ESRO.BO: Quote, Profile, Research) on the sale for the three refineries.
[ID:nLU627560]
 * Esser said the exclusive talks would last until the end of
November. [ID:nDEL298848]
 * Essar has been in talks with UBS, Citigroup and JPMorgan
for a loan of up to $750 million if it wins the bidding for the
three refineries, sources said earlier this year.
[ID:nBMA005648]
 * Harburg has a capacity to process 5.2 million tonnes of
crude oil a year (roughly 110,000 bpd). It is moderately complex
and its key units are a catalytic cracker for gasoline making
and lubricant systems. 
 * Heide can process 4.5 million tonnes a year (93,000 bpd).
It is an integrated, petrochemical oriented plant.
 * Stanlow has a capacity to process 267,000 bpd.
 
 ANTWERP, BELGIUM
 TEESSIDE, UK 
 * Swiss-based refiner Petroplus (PPHN.VX: Quote, Profile, Research) has agreed to sell
the Antwerp bitumen plant to Vitol. [ID:nLQ83975] 
 * Petroplus also said earlier this year it would sell its
Teesside refinery in the UK by the end of June or turn it into a
storage site if no buyer can be found.
 * The 117,000 bpd simple plant stopped production in March
2009, when the company stopped buying crude for the plant. 
 * Petroplus Chief Executive Thomas O'Malley sold his
previous venture U.S. refiner Premcor Inc to Valero in 2005. 
 * Valero said in June it was not interested in buying
Petroplus.
 
 LIVORNO, ITALY 
 * Italy's Eni (ENI.MI: Quote, Profile, Research) said in September it was in
preliminary talks with UK private equity fund Klesch & Co to 
sell its Livorno refinery. [ID:nL1634701]
 * Chief Excutive Paolo Scaroni delined to give updates to
the talks at an oil industry conference in London in October.
 * Livorno is an 85,000 bpd simple refinery. 
 
 GRANGEMOUTH, UK 
 * Located in Scotland, the plant processes about 200,000
barrels of crude oil per day.     
 * Current operator British chemicals maker Ineos [INEOSP.UL]
bought the plant from BP (BP.L: Quote, Profile, Research) in 2005. 
 * Chinese oil firm PetroChina (601857.SS: Quote, Profile, Research) is in talks for an
investment in the Grangemouth refinery. [ID:nSP350411]
 * Grangemouth is a moderately complex refinery equipped with
both hydrocracking and catalytic cracking systems, giving it
flexibility to produce gasoline and middle distillates, such as
diesel, according to market demand.
 * The plant is connected to the North Sea Forties pipeline,
which delivers about 650,000-700,000 bpd of crude oil, roughly
half of the UK's daily production.
 * Morgan Stanley has a deal with Ineos for product marketing
and some crude oil purachse.
 
 VLISSINGEN, THE NETHERLANDS 
 * Russia's Lukoil (LKOH.MM: Quote, Profile, Research) bought a stake in the Vlissingen
refinery in the Netherlands from French major Total (TOTF.PA: Quote, Profile, Research) in
June, blocking a bid by U.S. refiner Valero (VLO.N: Quote, Profile, Research)
[ID:nLJ579651] 
 * The refinery's capacity is about 153,000 barrels per day
(bpd). [ID:nLR73458] 
 * Total will retain a 55 percent stake in the plant. Lukoil
has acquired 45 percent, which was previously held by Dow
Chemical (DOW.N: Quote, Profile, Research). 
 * U.S. oil major ConocoPhillips (COP.N: Quote, Profile, Research) owns 20 percent of
Lukoil. 
 * Lukoil is likely to pay about $725 million, matching the
price Valero was expected to pay Dow. 
 * Vlissingen is a moderately complex, diesel-oriented plant.
It is equipped with a hydrocracker, which typically allows a
refiner to process relatively heavier, cheaper crude oil such as
Russian Urals.
 (Reporting by Ikuko Kurahone)

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