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Force majeure declared on supplies after German refinery fire

September 13/2018

MOSCOW (MRC) --  Varo Energy has declared force majeure on fuel deliveries to its customers after a fire on Saturday at its Bayernoil refining complex in Germany, a spokeswoman said, as per Reuters.

The fire affected the 120,000 barrel per day (bpd) plant in Vohburg. The plant is expected to be out of action for several weeks.

The Bayernoil complex is comprised of two plants, Vohburg and Neustadt, with total capacity of 215,000 bpd.

Varo has declared force majeure because the fulfillment of our deliveries to our customers is significantly influenced by the production of Bayernoil, the spokeswoman said.

Varo Energy owns 45 percent of Bayernoil. Italys Eni owns 20 percent, while BP and Rosneft are also shareholders.

Varo is a European downstream company that has refineries and storage assets in Western Europe and is owned by oil trading giant Vitol, U.S. private equity firm Carlyle Group and Dutch firm Reggeborgh Invest.
Author:Anna Larionova
Tags:petroleum products, petrochemistry, Crude oil, Bayer, Germany.
Category:General News
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