The Russians are coming? Possible buyer for Coryton plant
Date posted: 14-06-2012
A RUSSIAN company could be among the possible bidders for the Petroplus plant at Coryton.
The hopes are that the company would operate the facility as a refinery rather than a terminal.
Union bosses, administrators and politicians are remaining tight-lipped as to the identity of the possible bidder so as not to jeopardise negotiations.
Among possible bidders could be: Russian oil major OAO Lukoil Holdings (LKOH.RS) and state-owned oil champion Rosneft (ROSN.RS) which are among the companies that already have stakes in or own european refineries.
Earlier this week, Cyprus-registered commodities trader Gunvor Group announced the completion of its purchase of Petroplus’s refinery in Antwerp, Belgium.
The unions have also indicated that Royal Dutch Shell PLC (RDSA), Royal Vopak NV–the operator of three terminals in the U.K.–and fuel supplier Greenergy Ltd. are believed to have submitted a joint bid to operate Coryton as a terminal.