EnergyWatch

Total sells refinery

The French oil company hands over its Lindsey refinery in the UK to British Prax Group.

Photo: GONZALO FUENTES/REUTERS / X02443

Total is getting rid of its Lindsey refinery in Immingham, UK, which has an annual production capacity of 5.4 million tonnes, the company confirms in a press release on Monday.

The buyer is British firm Prax Group, which specializes in trading oil products. For Total, the divestment is a part of a portfolio narrowing, says Bernard Pinatel, the group's president of Refining & Chemicals.

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