FACTBOX-European oil refineries sold and up for sale

(Updates with Milford Haven)

LONDON, July 23 (BestGrowthStock) – Many European oil and chemical
firms have been looking to sell domestic refineries since last
year as demand for fuels and petrochemical products has fallen
more sharply in Europe than in most other parts of the world,
hitting profit margins.

At least nine refineries are looking for buyers, and five of
them are based in the UK.

Following are the refineries around Europe that have been
sold or are up for sale:

(For FACTBOX-European refinery sales in past 10 years, click
on [ID:nLDE66L1GU])

MILFORD HAVEN, UK

* U.S. oil firm Murphy Oil Corp (MUR.N: ) said on Thursday it
would sell its three refineries, including the Milford Haven
plant in the UK, to focus on oil and gas exploration and its
U.S. retail business. [ID:nN22119712]

* Milford Haven started operation in 1973. After
debottlenecking works early in 2010, it can process about
130,000 barrels of crude oil per day.

* Its complexity is moderate, with well balanced yield of
light products and middle distillates.

* In 2007, Murphy’s UK subsidiary, Murco Petroleum, bought a
70 percent stake from France’s Total to become the 100 percent
owner. The value of the deal was about $256 million.

WILHELMSHAVEN, GERMANY

* U.S. oil major ConocoPhillips (COP.N: ) is considering
either selling its Wilhelmshaven refinery or turning it into a
terminal. It cancelled a plan to upgrade the refinery.
[ID:nSGE66L0JB]

* It is a simple refinery and can process about 260,000
barrels of crude oil per day.

* Built by Mobil Oil between 1973 and 1976.

* ConocoPhillips bought the plant from Louis Dreyfus in
2005.

* Shut since October 2009. Caught fire in May, in process of
restarting.

LINDSEY, UK

* French major Total (TOTF.PA: ) is looking to sell the
221,000 barrels per day refinery.

* In May, Total said it had received several bids and would
hope to reach a deal after the summer.[ID:nLDE64P268]

* Swiss refiner Petroplus (PPHN.VX: ) said it has proposed
buying it. [ID:nLDE63L263]

* It is Britain’s third-largest refinery, which began
operation in 1968. Employs about 500 people.

* A relatively simple refinery, with an undersized
gasoline-making catalytic cracking unit relative to its crude
processing capacity.

* Has high middle distillate yield.

* The plant can process 40 different types of crude oil,
while North Sea crude accounts for 85-95 percent of its crude
oil slate, according to the corporate website.

* Total invested 200 million pounds ($303.1 million) in the
HDS-3, or hydrodesulphurisation unit, to make ultra low sulphur
diesel.

* The construction had been planned to complete in spring
2010. But works have been suspended by a fire in late June.
[ID:nLDE65S1HE] [ID:nLDE6661LC]

HARBURG, HEIDE, GERMANY

STANLOW, UK

GOTHENBURG, SWEDEN

* Royal Dutch Shell (RDSa.L: ) said about 560,000 bpd, or 15
percent of its global total refinery capacity was under review.
[ID:nLDE610168] [ID:nLDE6131AY]

* Shell has been in talks with India’s Essar Oil (ESRO.BO: )
on the sale of the three refineries. But Essar lost exclusivity,
Shell said in April. [ID:nLDE63R1CH]

* It was thought that Essar would buy them in May or June
after its planned initial public offer in London. But it said it
had no proposal to use the $2.5 billion to be raised from the
IPO to buy them. [ID:nSGE6370B8]

* Harburg has the capacity to process 5.2 million tonnes of
crude oil a year (roughly 110,000 bpd). It is moderately complex
and its key units are a catalytic cracker for gasoline making
and lubricant systems.

* Heide can process 4.5 million tonnes a year (93,000 bpd).
It is an integrated, petrochemical oriented plant.

* Stanlow has a capacity to process 267,000 bpd.

* Gothenburg has a capacity to process about 78,000 bpd.

PEMBROKE, UK

* U.S. major Chevron (CVX.N: ) said it would sell the 210,000
barrels per day plant in Wales. [ID:nN09227603]

* The plant came on stream in 1964.

GRANGEMOUTH, UK

* Located in Scotland, the plant processes about 200,000
barrels of crude oil per day.

* Current operator British chemicals maker Ineos [INEOSP.UL]
bought the plant from BP (BP.L: ) in 2005.

* Chinese oil firm PetroChina (601857.SS: ) is in talks to
invest in the Grangemouth refinery. Sources had said the deal
might be reached early in 2010. [ID:nSP350411]

* Grangemouth is a moderately complex refinery equipped with
both hydrocracking and catalytic cracking systems, giving it
flexibility to produce gasoline and middle distillates, such as
diesel, according to market demand.

* The plant is connected to the North Sea Forties pipeline,
which delivers about 650,000-700,000 bpd of crude oil, roughly
half of the UK’s daily production.

* Morgan Stanley (MS.N: ) (Read more about the money market today. ) has a deal with Ineos for product
marketing and some crude oil purchase.

Stock Market Money

(Reporting by Ikuko Kurahone, editing by Jane Baird)

FACTBOX-European oil refineries sold and up for sale