Expected stop of crude oil processing in refinery Paramo

UNIPETROL, a.s. hereby announces that it does not plan to resume the atmospheric and vacuum distillation processing of crude oil and the hydrotreater desulphurization of middle distillates in the subsidiary refinery PARAMO, a.s.

The decision was reached through a comprehensive analysis of the current macroeconomic situation, including low refining margins, lower demand for diesel or refining overcapacity in Europe.

One of the factors is also low complexity of the Paramo refinery. The company’s oil, lubricant and asphalt products will continue to be produced from intermediate grade distillates shipped in from other refineries.

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