Force majeure declared on supplies after German refinery fire
LONDON, (Reuters) - Varo Energy has declared force majeure on fuel deliveries to its customers after a fire on Saturday at its Bayernoil refining complex in Germany, a spokeswoman said.
The fire affected the 120,000 barrel per day (
The Bayernoil complex is comprised of two plants, Vohburg and Neustadt, with
“Varo has declared force majeure because the fulfillment of our deliveries to our customers is significantly influenced by the production of Bayernoil,” the spokeswoman said.
Varo Energy owns 45 percent of Bayernoil. Italy’s Eni owns 20 percent, while BP and Rosneft are also shareholders.
Varo is a European downstream company that has refineries and storage assets in Western Europe and is owned by oil trading giant Vitol, U.S. private equity firm Carlyle Group and Dutch firm Reggeborgh Invest.
Reporting by Julia Payne Editing by David Goodman
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