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2012 March 5   07:49

Gunvor to buy Petroplus' Antwerp refinery

Trading house Gunvor said on Friday it has bid to buy insolvent Petroplus' refinery in Antwerp, Reuters reported.

It said it wants to restart operations as soon as possible, following the refinery's closure in early February.

Gunvor said the deal was expected to be completed formally within 6 to 8 weeks, and had support from the local and Belgium state authorities.

The Antwerp plant has a processing capability of more than 100,000 barrels per day (bpd), and storage capacity of more than 1.2 million cubic metres, Gunvor said.

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