Current and recent refinery transactions ordered by expected or completed date of deal closure:
2025 - Varo Energy (Vitol and Carlyle) has announced a deal to acquire Preem, which owns the Gothenburg and Lysekil refineries (Sweden).
2025 - Lemont, Lake Charles and Corpus Christi (US) - Red Tree (Contrarian) bid accepted in CITGO asset auction as the floor price (stalking horse bid)for the next roudn of the business auction. Red Tree bid was $3.7B.
2024 - Fos Sur Mer (France) - ExxonMobil sold the refinery to Rhone Energies (Trafigura and Entara)
2024 - Bukom (Singapore) - Shell has agreed to seel the refinery to CAPGC (a JV between Glencore and Chandra Asri)
2024 - Burgas (Bulgaria) - Lukoil is looking for potential buyers for the refinery due to EU sanctions.
2024 - Schwedt (Germany) Shell agreed to sell its 37.5% stake in Schwedt to Prax. The deal was later cancelled.
2024 - Saras (Italy) - Vitol acquired a controlling interest in the refinery and took it private
2024 - Sasolburg (South Africa) - Total sod its 36% interest in Sasolburg (South Africa) to Prax
2023 - Miro (Germany) - ExxonMobil sold its 25% stake in the Miro (Karlsruhe) refinery to Liwathon.
2023 - Schwedt, Bayernoil, Karlsruhe (Germany) - German Government assumed trusteeship of Rosneft interests in German refineries as part of sanctions against Russia.
2023 - Karachi (Pakistan) - Cnergyico acquired 91% stake in the Byco refinery in Karachi
2023 - Fujairah refinery - UNIPER sold the refinery and bunkering business to Montfort Group
2023 - SARPOM (Italy) - ExxonMobil sold its 75% stake in the refinery to Italiana Petroli
2023 - Priolo (Italy) - Lukoil sold the refinery to GOI Energy
2023 - Vadinar (India) - Trafigura sold its 25% stake in the Nayara refinery in India to Hara
2023 - Sriracha (Thailand) - ExxonMobil sold its 66% stake in Esso Thailand (including the refinery) to Bangchak
2023 - Billings (US) - ExxonMobil sold the refinery to Par Pacific for $310Million plus inventory.
2023 - Toledo (US) - Cenovus acquired BP's 50% stake in the refinery for $300M plus value of inventory. Deal closed in March of 2023.
2023 - Zhoushan (China) - Aramco acquired a 10% interest in Rongsheng Petrochemical, which has a 51% interest in Zhejiang Petroleum and Chemical (ZPC) which owns the refinery
2022 - Eagle Springs (US) - Sky Quarry acquired Foreland Energy, including the refinery.
2022 - Haifa (Israel) - Israel Petrochemicals acquired Bazan, including the refinery
2022 - Saraland (US) - Shell sold the refinery to Vertex for $75M plus value of inventory. Vertex will convert the plant to renewable diesel
2022 - REMAN (Brazil) - Petrobras sold the refinery to Atem for $257 million.
2022 - Fergana (Uzbekistan) - The Uzbek Government sold of the Fergana refinery to private company Sanoat Energetika Guruhi for $100 million
2022 - Gdansk (Poland) - PKN acquired controlling interest in Grupa Lotos and then sold 30% stake of refinery to Aramco
2021 - Kalundborg (Demark) - Equinor sold the Kalundborg refinery to Klesch for $428M
2021 - Schwedt (Germany) - Rosneft agreed to acquire Shell's interest in the Schwedt refinery. Deal currently delayed by the Ukraine crisis
2021 - Wyoming and Casper (US) - Sinclair agreed to sell both refineries to HollyFrontier
2021 - Puma - Trafigura announced agreement to purchase Sonangol's 37% interest in Puma
2021 - Bayernoil (Germany) - Carlyle agreed to acquire the stake of Reggeborgh in Varo.
2021 - RLAM (Brazil) - Petrobras sold the refinery to Mubadala Capital for $1.8B
2021 - Refidomsa (Domincan Republic) - PDVSA sold interest in Refidomsa refinery to government of Dominican Republic
2021 - Merger of ChemChina (and its 4 refineries) into Sinochem
2021 - Puget Sound (US) - Shell sold refinery to HollyFrontier
2021 - Deer Park (US) - Pemex acquired 50% share from Shell
2021 - Tyumen (Russia) - Rusinvest acquired from Antipinsky
2021 - Assam (India) - Oil India acquired 54% stake in Numaligarh refinery from BPCL
2021 - Bina (India) - BPCL acquired the 37% stake of OQ
2021 - Fredericia (Denmark) - Shell sold refinery to Crossbridge Energy
2020 - Gdansk (Poland) - PKN and Lotos announce plan to merge
2020 - Martinez (US) - Shell sold the refinery to PBF
2020 - Sarroch (Italy) - Trafigura acquired refinery from Sarras
2020 - Killingholme (UK) - Total sold refinery to Prax Group
2019 - San Antonio (US) - Calumet sold refinery to Starlight Relativity
2019 - Lloydminster (Canada), Superior (US), Lima (US) and Toledo (US) - Cenovus acquired refineries through combination with Husky
2019 - Wuhan (China) - Sinopec sold refinery to a JV between SK and Sinopec
2019 - SASREF (Saudi Arabia) - Aramco acquired Shell's 50% interest in SASREF
2019 - Daesan (South Korea) - Aramco acquired 17% stake in Hyundai Oilbank from Hyundai
2019 - ADNOC Refining (Abu Dhabi) - ADNOC sold interest in ADNOC Refining to Total (20%) and Eni (15%)
2019 - Pasadena (Houston) - Chevron acquire the refinery from Petrobras
2018 - Augusta (Italy) - Sonatrach acquired the refinery from ExxonMobil
2018 - Tacoma (US) - Par Pacific acquired refinery from US Oil
2018 - Bahai Blanca (Argentina) - Trafigura acquired refinery from Petrobras