Strike halts supplies from TotalEnergies' French refineries -union
Reuters
Published Sep 27, 2022 09:15
Updated Sep 27, 2022 14:22
By Rowena Edwards
(Reuters) - Strike action is stopping refined products from leaving all five of TotalEnergies (LON:TTEF)' refineries in France, and one of its fuel storage depots, a CGT union official told Reuters on Tuesday.
No product is leaving TotalEnergies’ 240,000 barrel per day (bpd) Gonfreville oil refinery, the 119,000 bpd Feyzin oil refinery, the 230,000 bpd Donges refinery and La Mede biorefinery, CGT union delegate Thierry Defresne said.
Very little product is currently leaving the 102,000 bpd Grandpuits refinery, and distribution will be halted on Wednesday, a union official at Grandpuits told Reuters.
Product transport from the Cote d'Opale fuel storage depots near Dunkirk has also stopped, Defresne said.
The Feyzin oil refinery is currently offline.
"In anticipation of the strike, TotalEnergies has taken the necessary logistical measures to be able to supply its service station network and its customers normally," a TotalEnergies spokesperson said.
French union CGT TotalEnergies plans to strike until Sept. 29.
The strike action has deepened French refining woes already hit by outages and walkouts at other oil refineries.
More than 40% of France's refining capacity is currently offline.
As a result of strike action, Exxon Mobil (NYSE:XOM) began shutting its 240,000 bpd Port Jerome-Gravenchon refinery and Notre Dame de Gravenchon petrochemical site on Sept. 20, and the 235,000 bpd Fos-Sur-Mer refinery on Sept. 21.
The shutdowns were completed on the weekend of Sept. 24 and dialogue is ongoing as strike action continues, an Exxon Mobil spokesperson told Reuters by phone on Tuesday.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.