Varo Energy to raise stake in Germany's Bayernoil refining complex

Varo Energy to raise stake in Germany's Bayernoil refining complex
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13.08.2019

MOSCOW (MRC) -- European downstream firm Varo Energy said it had agreed to increase its stake in a major refining complex in Germany to up to 55% by buying shares from oil major BP, as per Hydrocarbonprocessing.Swiss-based Varo currently holds 45 percent of the Bayernoil complex while BP holds 10%. Bayernoil consists of two plants - Vohburg and Neustadt - with a combined capacity of 220,0

Full article at mrcplast.com

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