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Total Sells Lindsey Refinery United Kingdom

Gasoil News - Published on Wed, 05 Aug 2020

Image Source: Total Lindsey Refinery
Total has signed an agreement to sell the Lindsey refinery and its associated logistic assets, as well as all of the related rights and obligations, to the Prax Group. Located in Immingham in Lincolnshire in England, the Lindsey refinery has an annual production capacity of 5.4 million tons. This acquisition will make Prax, an independent British group specialising in the trade and sale of oil products and in possession of a growing network of 150 service stations and numerous supply chain assets, more integrated and competitive in the United Kingdom and will secure its local supply.

The sale should be finalized by the end of the year, once the conditions of the sale have been satisfied.

Source :

Posted By : Yogender Pancholi on Wed, 05 Aug 2020
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