13 May 2016

Iranian crudes rejoining the feedstock pool

- Marzio Foa
- 2 pages

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 ....

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Iranian crudes rejoining the feedstock pool

Saras S.p.A. (SAAFF:OTC) | 0 0 0.0%

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 ....