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Bharat Vasandani Madhavan N. & Hari... Urvish Dave

Market & Company Research Store > Details

Year: 2012

Contents: 6 pages

Country: United Kingdom

Sector: Refining (Energy)
PDVSA Plans to Sell 50% Stake in Nynas as a Part of Restructuring of its Global Refining Operations - Deal Analysis from GlobalData

Summary

Petroleos de Venezuela S.A. (PDVSA), an integrated energy company, intends to sell its 50% stake in Nynas AB (Nynas), a 50:50 oil refining joint venture of PDVSA and Neste Oil Corporation (Neste Oil), which specializes in naphthenic oils and asphalt products.

Nynas runs four refineries, including the 28,921.5 barrels per day (b/d) Nynashamn Refinery, the 11,046.4b/d Nynas Gothenburg refinery in Sweden, the 9,037.9b/d Dundee refinery and the 10,042.2b/d Eastham refinery, both in the UK. The company holds a 100% stake in the Nynashamn, Nynas Gothenburg and Dundee refineries and a 50% stake in Eastham refinery.

Scope

- Rationale behind PDVSA selling its refining stake in Nynas
- Stratigic benefits for the companies involved in the transaction
- Geography covered - UK

Reasons to buy

- Develop a sound understanding of the major M&A's, Partnerships, and Joint Ventures taking place in the refining sector of UK.

Keywords

PDVSA, Nynas, naphthenic oils, asphalt products, Refinery
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