Insight
Sonatrach acquires overseas to resolve a domestic issue
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Sonatrach's first downstream overseas acquisition is the planned purchase of ExxonMobil's Augusta refinery in Sicily, Italy, plus associated terminals and pipelines. Rising costs of oil product imports to meet Algerian demand and slow progress on domestic refinery investments has prompted the deal. This will allow Sontrach to process Saharan Blend crude and residual fuel in the Italian refinery and send the resulting production back to Algeria. This insight answers the following key questions and more: Why the Augusta refinery and what is ExxonMobil's rationale for selling? What is the estimated cost of buying the asset for Sonatrach? Is there any impact on ExxonMobil's Italian retail network from divesting the asset?
Table of contents
- The Augusta refinery
- The Algerian situation
- Refinery Valuation
- Does this impact fuels retailing?
- Winners all round
Tables and charts
This report includes the following images and tables:
- ExxonMobil European refining assets - 2016 Net Cash Margin (US$bbl)
- Algeria Supply/Demand
- Augusta refinery yield change
- ExxonMobil Europe and Italy* retail network
What's included
This report contains:
Other reports you may be interested in
Insight
European energy month in brief: October 2016
This report highlights some of the key market developments in the European energy sector.
$1,250
Insight
Europe upstream week in brief: good and bad news for European gas projects
This is our latest week in brief where we give you quick, responsive opinion and analysis on all that's going on in European oil and gas.
$1,350
