Italy's API expects Falconara refinery to restart next week
5/8/2020 9:24:14 AM
Italian oil refiner API said it expected its Falconara Marittima facility to restart production early next week after shutting down at the end of March as a result of COVID-19.
“The refinery ... has launched preliminary operations for the restart,” the group said in a statement.
The lockdown imposed by the Italian government to stop the spread of the pandemic led to a sharp fall in demand for oil products with excess supply saturating storage capacity.
Reporting by Stephen Jewkes; editing by Valentina Za
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