TotalEnergies assumes full control of Zeeland refinery operations while Lukoil seeks buyer for minority stake

TotalEnergies has taken over operations at the Zeeland refinery. This temporary deal remains until Lukoil sells its stake amid ongoing global sanctions.

洞察:
TotalEnergies SE , headquartered in France FRFR, has taken over full operations of the Zeeland refinery in the Netherlands NLNL under a new agreement with Lukoil. While Lukoil, which is based in Russia RURU, retains a 45% ownership stake in the facility, the new arrangement dictates that TotalEnergies will supply all crude oil, cover operational costs, and receive the entirety of the refinery's output. This transition marks a significant shift in operational control and output allocation at the site.
FILE PHOTO: The logo of French oil and gas company TotalEnergies is seen on a building in Rueil-Malmaison, near Paris, France, April 14, 2025. REUTERS/Stephanie Lecocq/File Photo
FILE PHOTO: The logo of French oil and gas company TotalEnergies is seen on a building in Rueil-Malmaison, near Paris, France, April 14, 2025. REUTERS/Stephanie Lecocq/File Photo
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