Paris, July 15 news, No. 3 largest oil company in Europe, Europe's largest oil refining company Total of France said today that, due to weak demand for gasoline and diesel, European refineries Q2 refining margin of the same period last year dropped by 69%.
Total of France today in their company's Web site said that the European quarter of section 2 a barrel of crude oil into fuels refining profits from the same period last year dropped to 40.20 U.S. dollars per ton of 12.40 U.S. dollars or 1.69 U.S. dollars a barrel.
According to the Paris-based company said total, Europe Q2 refining margin than a quarter of this year, a decrease of 22.3 U.S. dollars per ton.
Since the 2nd World War has been the worst global economic downturn to force consumers to reduce travel and expenses, the demand for petroleum products also greatly reduced, leading to the refinery to further reduce the refining margin, oil refineries have reduce the operating rate and the temporary closure.
Total of France plans to cut its oil refinery in France, the largest number of employees and a reduction in production of petroleum products.
Jul. 16, 2009
