Shell has announced that it will carry out major maintenance works at its Pernis oil refinery which is located in Rotterdam, Netherlands. According to the oil major the maintenance works will be carried out in the course of this month and the next.
Earlier in the year the Pernis oil refinery was partially shut down for a period of close to a fortnight following a major fire on July 31st. The fire is believed to have been caused by a short circuit.
This is not the first time a similar incident is occurring at the refinery as flaring in 2012 forced a reduction in production. On a daily basis approximately 400,000 barrels of oil are refined at Pernis making it the largest refinery in Europe. Pernis also ranks highly among the top refineries in the world.
“We expect a bad quarter for Shell’s Downstream division,” Anish Kapadia, a senior research analyst at Tudor, Pickering, Holt & Co., an investment bank, said while projecting that Shell’s total profit in the quarter will to reach $2.8 billion.
In the recent past there have been a series of refinery issues in Europe and this has resulted in refining margins being boosted to their highest level since November 2015.
At the beginning of the year there was a fire at the Leuna oil refinery belonging to Total. The refinery located in Leipzig, Germany caused a disruption in the supply of diesel and gasoline to the region’s fuelling stations with some fuel retail outlets running out of stock.
Three months ago Hellenic Petroleum of Greece declared force majeure and suspended diesel exports from its Elefsina refinery which refines 100,000 barrels per day.
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