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Title
PetroChina could buy Grangemouth refinery from Ineos.
Abstract
The article reports that Chinese energy company PetroChina is considering purchasing parts of the Grangemouth chemicals and complex plant in Scotland. The deal involves the 200 million barrels per day refinery of Ineos at Grangemouth. It is stated that Ineos is trying to refinance its accumulated debt as a result of the economic crisis and changing oil price. In June 2009, PetroChina bought a 45.5% stake in Singapore Petroleum.