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French strikes cost ?200-400m/day, fuel shortages continue

October 25/2010

(ICIS) -- Industrial action in France, which has crippled the countrys crude supplies and refining operations, continued on Monday as the government announced the disruption was costing the country"s economy between ?200-400m ($281-563m) a day.

As of Monday, about a quarter of France"s service stations were still empty. Meanwhile, around 200 protestors seized control and blocked an oil depot at Fos-sur-Mer, according to news agency AFP.

The shutdowns have seriously affected downstream users, with a variety of chemical producers suffering from a lack of refined feedstock. Some producers have begun to cut chemical production or declared force majeure (FM) on products as availability diminishes.

Total announced it had now completely stopped production at all of its French refineries at Grandpuits, Donges, La Mede, Gonfreville and Feyzin, due to crude supply issues and strike action taken by workers.

In addition, ExxonMobil"s merged Port Jerome-Gravenchon refinery and Fos-sur-Mer plant, LyondellBasells refinery at Berre L"Etang, INEOSs Lavera plant, and Petropluss refineries at Petit Couronne and Reichstett, were all either operating at minimum throughput levels or shutting production altogether.


French strikes cost ?200-400m/day, fuel shortages continue
French strikes cost ?200-400m/day, fuel shortages continue
Category:General News
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