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Free AccessOMV's Schwechat Refinery Out Till Q3
OMV’s Schwechat refinery in Austria has undergone inspections to a crude distillation unit damaged June 3. OMV expect the refinery to restart and be fully operational in the second half of Q3, 2022, based on an official statement out today.
- For the duration of the repairs, OMV has established an alternative supply system to supply the markets served by the OMV Schwechat Refinery.
- OMV plan to mitigate the output shortfall by: Using the capacities of the refinery network within the group; short-term adjustments to increase existing production capacities in the refinery; as well as close cooperation with partners to make up for the missing volumes.
- The distillation capacity of a smaller crude distillation unit available has been maximized and now covers about 20% of the previous capacity.
- https://www.omv.com/en/news/220624-update-on-omv-schwechat-refinery-significant-progress-made-on-alternative-supply-system
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.