StatoilHydro starts 2-mth Mongstad refinery shutdown


Norwegian oil and gas group StatoilHydro began two months of scheduled maintenance work at its Mongstad refinery and oil terminal north of Bergen on the west coast, the company said.

The complete shutdown will last for 16 days, but partial closures will affect all parts of the refinery and quay facilities, StatoilHydro said.

Mongstad is Norway's largest refinery, with annual capacity of 10 million tons of crude oil and storage for more than a third of all crude produced by StatoilHydro on the Norwegian continental shelf.

The main products are petrol, diesel oil, jet fuel and other light petroleum products, and most of the output is exported to European markets.

A project is under way to build a gas-fired power and heating plant for the refinery with a start-up due in 2010.

“The goal is to make improvements which ensure stable and safe operations of the plant until the next scheduled shutdown in 2013, and prepare for the connection to the new combined power and heating plant,” Mongstad manager Kjell Petter Aanes said in a statement.

Around 400,000 manhours of work will be performed during the 60-day scheduled shutdown, StatoilHydro said, adding that it would be the most extensive onshore maintenance ever carried out in Norway.

StatoilHydro owns 79% of Mongstad Refining and Shell 21%. (Reuters)


Business Sentiment Up, Consumer Confidence Down in September Analysis

Business Sentiment Up, Consumer Confidence Down in September

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.