Founder and principal of Klesch Group
Appears in 1 story
Acquiring BP's Gelsenkirchen refinery
BP has operated the Gelsenkirchen refinery complex in western Germany since 2002. On March 19, it agreed to sell the 265,000-barrel-per-day facility and its 1,800 workers to Klesch Group, an independent European refiner with a record of buying distressed assets from oil majors. The same day, BP raised its cost-reduction target by another billion dollars to $6.5–7.5 billion by 2027—the second increase in five weeks.
Updated 3 hours ago
No stories match your search
Try a different keyword
How would you like to describe your experience with the app today?
