Lukoil buys Total stake in refinery Vlissingen

Total SA has exercised its rights to acquire a 45% share in the 147,000-b/d Vlissingen refinery in the Netherlands from Dow Chemical and entered an agreement to sell the stake to Lukoil at the end of June.

Total owns 55% of the refinery. It said the sale to Lukoil is contingent on acceptance of the deal by the competent authorities, including the European Commission’s competition regulators and, according to a Total spokesman, workers’ committees in France and the Netherlands.