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Vohburg: Ruhen lassen statt auflösen?
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Oktoberfest: Zum Tod von Otto Schwarzfischer
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Ludwig Piller gestorben: Bei Ernst Udet lernte er Fliegen
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REFINERY NEWS ROUNDUP: European companies report lower 2020 runs, margins
European companies have been reporting lower throughput and margins for 2020 as a result of the pandemic.
Spain-based integrated energy group Cepsa’s refinery throughput decreased 10% in 2020 at 19.3 million mt (387,000 b/d), or a 78% utilization rate, the company said. This contraction was accompanied by a 42% narrowing of the refining margin to $2.50/b, although this full-year average was much better than a decade-long low in the third quarter 2020 of 50 cents/b. Sales volume of refined products was resilient, dropping just 4% in the full year at 14.8 million mt, partly buoyed by chemical and asphalt sales.