Shell has decided not to extend its six month processing contract with the Petit-Couronne refinery France. The Dutch major, which has been utilising the refinery since June, will end its involvement with the former Petroplus facility in Mid-December.
Petit-Couronne ceased production in January following the bankruptcy of its owner, Petroplus. However, the agreement with the Dutch major allowed production at the facility to continue. The Dutch major's decision was confirmed by the refinery administrators in a court hearing. The refinery has been authorised to continue production until January 16, allowing the administrators enough time to stop the refining units.
Members of the union representing workers at Petit Couronne have expressed concern that the development will discourage potential buyers. Potential buyers have until February 5 to submit offers for the site. While only one company - NetOil - has filed a formal offer so far, seven others have submitted letters of intent to signal their interest.