Reuters logo
Vitol completes purchase of UK power plant
2013年7月23日 / 中午12点12分 / 4 年前

Vitol completes purchase of UK power plant

GENEVA, July 23 (Reuters) - The world’s top oil trader Vitol said on Tuesday it had completed the purchase of a British power plant from Phillips 66 as it seeks to build its portfolio of energy assets.

The gas-fed 1,220 megawatt combined heat and power plant in Immingham, northeast England, supplies around 2 percent of Britain’s electricity.

Vitol, like many of its peers, has been investing in global assets such as oilfields and refineries in what analysts see as a bid to boost profits.

The company already trades electricity in the UK, French, German and Benelux markets. The plant has been renamed VPI Immingham, Vitol added.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below