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People & Business :: Earnings/Finance

Repsol's petchem business expected to break even

11:18 AM MST | March 2, 2014 | Natasha Alperowicz

Repsol’s petrochemical operations are expected to break even in 2014 after a difficult year and a negative result in 2013. This was due mainly to a scheduled maintenance turnaround at the Tarragona, Spain complex, the most profitable site in the company’s petchems business, Antonio Brufau, CEO, said last week. Financial details for the segment have not been disclosed.   “During the outage, which has to be done every five years, we took the opportunity to change the turbines of the cracker in order to increase the efficiency and improve...

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