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French union says strike at refineries to continue until 16 January

January 13/2020

MOSCOW (MRC) -- France's CGT union said on Friday it would continue a strike over the government's planned pension reform at refineries and petrol depots until 16 January, extending by almost a week a four-day action that started on 7 January, reported Reuters.

The decision comes the day after new nationwide protest marches that failed to break the stalemate between government and unions after a more-than month-old public sector strike.

The action at refineries aims to cause shortages at petrol stations, which has not occurred yet, according to authorities.

As MRC informed before, French oil major Total said earlier that strikes against the governments pension reform were having no impact on its fuel supply and distribution ahead of a four-day nationwide strike in French oil refineries.

We also remind that in November 2019, Total disclosed that it is evaluating construction of a new gas cracker at its Deasan, South Korea, joint venture (JV) with Hanwha Chemical.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,904,410 tonnes in the first eleven months of 2019, up by 6% year on year. Shipments of all PE grades increased. PE shipments increased from both domestic producers and foreign suppliers. The PP consumption in the Russian market was 1,161,830 tonnes in January-November 2019, up by 7% year on year. Deliveries of all grades of propylene polymers increased, with the homopolymer PP segment accounting for the largest increase.
Author:Margaret Volkova
Tags:PP, PE, crude and gaz condensate, homopolymer PP, propylene, ethylene, petrochemistry, Russia, France, South Korea.
Category:General News
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