(Adds quote, detail)
OSLO, June 10 (Reuters) - Norway's Equinor said on
Thursday it had agreed to sell its Danish Kalundborg refinery as
well as an oil terminal to Geneva-based Klesch Group for an
undisclosed sum.
The companies declined to reveal the value of the deal,
which will require approval by Danish authorities.
Built in 1961 and acquired by Equinor in 1986, the facility
can process 107,000 barrels a day of crude oil and condensate
for gasoline, diesel, propane and heating oil, with an annual
capacity of 5.5 million tonnes of oil products, Equinor said.
"This transaction supports Equinor's strategy to focus its
portfolio around core areas," said Irene Rummelhoff, head of the
Norwegian firm's Marketing, Midstream and Processing unit.
Equinor will now concentrate its refining business at
Norway's Mongstad, she added.
Klesch, which is involved in the production and trading of
oil and metals, as well as the trading of financial derivatives,
already owns northern Germany's Heide refinery, acquired a
decade ago from Shell.
"Given the proximity of our refinery in Germany, I'm sure
there will be lots of opportunities for both refineries to work
together; especially when it comes to deploying our
decarbonisation strategy," Klesch Group Chairman A. Gary Klesch
said in a statement.
(Reporting by Terje Solsvik and Nerijus Adomaitis; editing by
Victoria Klesty and Jason Neely)
