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Petroplus Comments on SPSE Pipeline Incident

Petroplus Holdings AG announced a reduction in crude processing at both the Cressier and Reichstett refineries due to an incident that occurred at the Société du Pipeline Sud-European (“SPSE”) pipeline in France. There has been a full and safe shut down of the Cressier refinery. The refinery will stay in safe shut down mode for approximately two weeks. Following further information on the repair of the SPSE pipeline this time period may be adjusted. The Reichstett refinery is currently running at minimum rates. However, if crude supply continues to be limited due to the SPSE pipeline incident then a full shut down of the Reichstett refinery may also be required within the next few weeks.

The Company is making reasonable endeavors to continue to supply oil products to its customers.

Petroplus Holdings AG is the largest independent refiner and wholesaler of petroleum products in Europe. Petroplus focuses on refining and currently owns and operates seven refineries across Europe: the Coryton Refinery on the Thames Estuary in the United Kingdom, the Ingolstadt Refinery in Ingolstadt, Germany, the Belgium Refining Corporation Refinery in Antwerp, Belgium, the Petit Couronne Refinery in Petit Couronne, France, the Cressier Refinery in the canton of Neuchâtel, Switzerland, the Reichstett Refinery near Strasbourg, France and the Teesside Refinery in Teesside, United Kingdom. The refineries have a combined throughput capacity of approximately 864,000 barrels per day.

Source : Communiqué PETROPLUS

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