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COVID-19 - News digest as of 31.03.2021

March 31/2021

1. Pandemic prompts Spanish oil refiner to offer furlough scheme for 30% of its staff

MOSCOW (MRC) -- Spanish oil refiner Petronor, majority-owned by Repsol, has offered a furlough scheme for one third of its 900 employees in response to a major reduction in fuel demand due to the COVID-19 pandemic, according to Hydrocarbonprocessing. The refinery in Bilbao, northern Spain, with a capacity of 220,000 barrels of crude oil per day has been processing crude at 60% capacity for 271 days, the company said on Monday, during which time it offered training to keep employees active. Unable to keep this up, the company said it would now start negotiations with labour representatives to decide on temporary layoffs until the end of 2021.
Author:Margaret Volkova
Tags:PP, PE, crude and gaz condensate, petrochemistry, Repsol, COVID-19.
Category:General News
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