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Total Confirms Planned Sale of U.K. Refinery

June 22, 2011 | Ian Young

Total has confirmed that its U.K. refining assets are up for sale and that the sale process for the assets is "ongoing." Further details were not disclosed. Total's U.K. refining assets consist of the Lindsey Oil Refinery at Killingholme, which has capacity to process 220,000 bbl/day of oil and can produce 63,000 m.t./year of benzene and 160,000 m.t./year of propylene. Total announced in April 2010 that it was considering plans to divest the refinery. Total confirmed the intended refinery divestment while announcing the sale of the company's gasoline...

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