Lukoil complete the transaction by acquiring 45 percent stake in Total Raffinaderij Nederland

Russian oil company Lukoil complete the process in a competitive acquisition of the French group Total 45% stake in the refinery Total Raffinaderij Nederland, located in the southwestern Netherlands.
The value of the package of shares without reporting of oil and petroleum products amounted to $ 600 million. As a result of the transaction Lukoil will replace oil group Dow Chemical as a partner of Total in the management of the plant.
Capacity of the establishment of primary processing of oil is 158 000 barrels a day capacity facility hidrokreking, which is one of the largest in Europe, is about 68 000 barrels per day. Total Raffinaderij Nederland is one of the most technologically advanced oil refineries in Europe.
Utility can process a variety of Urals oil and large amounts of oil and vacuum gas oil, which will allow its successful integration into the manufacturing process of Lukoil. The company will be able to use the plant and supply and long term development of its own marketing network in Western Europe.

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BTA
Finance

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