Newsletter 
  INSCRIPTION Inscription | ESPACE ANNONCEURS Publicité | CONTACT Contact |PLAN DU SITE Plan


Europétrole, le portail de l'industrie du pétrole
 
 accueil | actualité française | actualité internationale | recherche | interviews | focus | actualité par entreprise | actualité pétrole/gaz de schiste 
Partager :

  • The Prax Group Has Signed An Agreement With Total To Purchase Lindsey Oil Refinery
    édité le 28/07/2020


The Prax Group Has Signed An Agreement With Total To Purchase Lindsey Oil Refinery
The Prax Group has signed an agreement with Total to purchase Lindsey Oil Refinery and its associated logistic assets, with the deal subject to the conditions of sale being met. With a strong track record of integrating acquisitions and managing assets in the oil value chain, the Prax Group is a long-standing and trusted partner of Total.

The acquisition will bring new investment to the refinery and underlines the Prax Group’s determination to support the local economy and the wider community.

“The Prax Group’s long-term strategy is to be fully integrated across the oil value chain from upstream to downstream,” said Sanjeev Kumar, CEO of the Prax Group. “Acquiring Lindsey Oil Refinery is a natural progression for the Prax Group, providing the opportunity to integrate the refinery and associated product flows into the company’s UK distribution and retail footprint, which operates under the Harvest Energy brand. We look forward to continuing to provide a secure supply of energy to new and existing customers.”

The sale will place the refinery at the heart of the Prax Group’s strategic network.

Sanjeev Kumar continued, “We are committed to all Lindsey Oil Refinery employees, who are a key element for the future success of the refinery.”

Lindsey Oil Refinery saw a major investment from Total in 2015, which modernised and streamlined the refinery.

“Since selling our British retail network in 2011, the Lindsey Oil Refinery has not been part of Total’s downstream system. With this agreement to sell, the refinery will be at the heart of the Prax Group’s UK network and it will be able to add value more easily”, said Thomas Behrends, General Manager of Lindsey Oil Refinery. “We are proud of the team and the work we have accomplished together.”

The completion date of the acquisition is expected before the end of 2020.

The agreement includes all the activities of Total Downstream UK Limited, which is composed of Lindsey Oil Refinery, the Finaline pipeline and the Killingholme loading terminal. Operated by Total Downstream UK since it was constructed in 1968, Lindsey Oil Refinery has the capacity to process up to 5.4 million tonnes of crude oil per year (109,000 barrels a day). The refinery employs around 400 people with approximately a further 350 contractors currently working on site.

About the Prax Group

The Prax Group is a leading independent trading, storage, distribution and retail multinational dealing in crude oil, petroleum products and bio-fuels. Our ability to deliver innovative customer solutions across the world has secured our reputation as a leading presence in the global oil market. Our mission is to conduct business responsibly, placing excellence, integrity and philanthropy at the heart of everything we do.

About Total

Total is a major energy player, which produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.


Origine : Communiqué Prax Group





 
 
 
Emploi-Pétrole
 
Rechercher une news



française internationale








 
Les dernières news internationales


>> Toute l'actualité internationale     >> RSS
 
Recherche de news par tags

abu-dhabi adnoc aker-solutions algeria algerie algerie alstom amec anadarko angola apache australia axens azerbaijan baker-hughes barents-sea bechtel bg-group bp brazil canada carburant cbi cgg chevron china chiyoda cnooc cnpc co2 commission-europeenne compressor conocophillips consommation cpdp deepwater discovery drilling e-on edf egypt emerson engie engineering eni equinor exxonmobil feed flng flowline fluor fluxys fmc foster-wheeler fpso fsru fugro gabon gas gaz gazprom gazprom-neft gdf-suez ge ghana gnl gtt gulf-of-mexico hess india indonesia inpex iraq jacobs jgc kbr keppel licence lng lukoil lundin maersk-drilling malaysia mcdermott methanier mozambique natural-gas nigeria nigeria nord-stream north-sea norway novatek offshore oman omv opec pdvsa pemex petrobras petrofac petronas pgnig pipeline platform qatar qatar-petroleum qatargas raffinerie refinery repsol rig riser rosneft russia rwe saipem santos saudi-aramco schlumberger seadrill senegal shah-deniz shale-gas shell sinopec socar sonatrach south-stream statoil subsea subsea-7 survey tap technip technipfmc texas total transocean tullow turbine ufip uk us vallourec vopak well wintershall wood-group woodside



Europétrole © 2003 - 2020