Photo
Business Update

Reuters business newsletter, your daily business coverage.

Subscribe

Saras says eyeing Shell, Exxon French refineries

Wed Jun 6, 2007 10:19am EDT

Reporter's Notebook

[-] Text [+]

LONDON (Reuters) - Italian oil refiner Saras (SRS.MI: Quote, Profile, Research, Stock Buzz) is considering a possible purchase of French refineries being offered for sale by oil majors Royal Dutch Shell Plc (RDSa.L: Quote, Profile, Research, Stock Buzz) and Exxon Mobil Corp (XOM.N: Quote, Profile, Research, Stock Buzz), the company's general manager said on Wednesday.

"There's been talk of possible sales by the majors in the south of France, and we're looking at it," Dario Scaffardi told a Reuters Energy Summit in London.

Shell said in January it was investigating a possible sale of its French refineries and industry sources said Exxon was also examining a sale of its French assets.

Scaffardi said Saras could look at purchasing the companies' whole portfolio of French refineries or just their Mediterranean refineries.

"We wouldn't be scared at looking at the whole thing or part of the thing."

 
 
 
Aerospace and Defense Dec 15 - 17, 2008 Aerospace/Defense
Investment Outlook Dec 08 - 11, 2008 Financial Services / Exchanges
Media Dec 01 - 4, 2008 Media/Tech/Telco
India Investment Nov 24 - 26, 2008 Country Summits
Health Nov 17 - 20, 2008 Health

What are Summits?

Reuters Summits are your direct link to top business leaders, investors and regulators. Our journalists interview heavyweights in a particular industry, spin out hard-hitting breaking news and sharp analysis that can often move markets. If you want to understand what the insiders are thinking, look for Reuters Summits.  Launch Full Video 

 

Stay connected. Get e-mailed alerts with schedules, speaker lists, and headlines from upcoming and live Industry Summits.