Q1 16 comparable EBITDA was at €124m (-14% yoy), above expectations. By division: 1) Refining comparable EBITDA came in at €72m (-14% yoy). The EMC benchmark margin was at $3.6/bbl (vs. $4.0/bbl in Q1 15 and $3.1/bbl in Q4 15). The refinery ran at 21.0mbbl (vs. 27.0mbbl in Q1 15). Saras’ additional margin stood at $4.0/bbl (vs. $2.0/bbl in Q1 15 and $5.5/bbl in Q4 15); 2) Marketing gave a negative contribution to the comparable EBITDA (-€3m, vs. -€1m in Q1 15); 3) Po
13 May 2016
Iranian crudes rejoining the feedstock pool
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Iranian crudes rejoining the feedstock pool
SARAS S.p.A. - Raffinerie Sarde (S7A:FRA) | 0 0 0.4% | Mkt Cap: 1,544m
- Published:
13 May 2016 -
Author:
Marzio Foa -
Pages:
2
Q1 16 comparable EBITDA was at €124m (-14% yoy), above expectations. By division: 1) Refining comparable EBITDA came in at €72m (-14% yoy). The EMC benchmark margin was at $3.6/bbl (vs. $4.0/bbl in Q1 15 and $3.1/bbl in Q4 15). The refinery ran at 21.0mbbl (vs. 27.0mbbl in Q1 15). Saras’ additional margin stood at $4.0/bbl (vs. $2.0/bbl in Q1 15 and $5.5/bbl in Q4 15); 2) Marketing gave a negative contribution to the comparable EBITDA (-€3m, vs. -€1m in Q1 15); 3) Po