Friday, April 26, 2024
News, Economy, Forex, Forum


Strike halts supplies from TotalEnergies’ French refineries -union

Strike action has stopped refined products from leaving four of TotalEnergies (LON:TTEF)’ five refineries in France, and one of its…

By financial2020myday , in Stock Markets , at September 27, 2022

Strike action has stopped refined products from leaving four of TotalEnergies (LON:TTEF)’ five refineries in France, and one of its fuel storage depots, a CGT union official told Reuters on Tuesday.

No product is leaving TotalEnergies’ 240,000 barrel per day (bpd) Gonfreville oil refinery, the 119,000 bpd Feyzin oil refinery, the 230,000 bpd Donges refinery and La Mede biorefinery, CGT union delegate Thierry Defresne said.

Product transport from the Cote d’Opale fuel storage depots near Dunkirk has also stopped, Defresne said.

The Feyzin oil refinery is currently offline.

“In anticipation of the strike, TotalEnergies has taken the necessary logistical measures to be able to supply its service station network and its customers normally,” a TotalEnergies spokesperson said.

French union CGT TotalEnergies plans to strike until Sept. 29.

The strike action has deepened French refining woes already hit by outages and walkouts at other oil refineries.

More than 40% of France’s refining capacity is currently offline.

As a result of strike action, Exxon Mobil (NYSE:XOM) began shutting its 240,000 bpd Port Jerome-Gravenchon refinery and Notre Dame de Gravenchon petrochemical site on Sept. 20, and the 235,000 bpd Fos-Sur-Mer refinery on Sept. 21.

The shutdowns were completed on the weekend of Sept. 24 and dialogue is ongoing as strike action continues, an Exxon Mobil spokesperson told Reuters by phone on Tuesday.

Comments


Leave a Reply


Your email address will not be published. Required fields are marked *