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U.S. Refiners May Profit From Petroplus Closures in Europe

U.S. refiners could see new opportunities as Europe's largest independent refiner and wholesaler of petroleum products shuts down three of its five refineries, analysts said.

Petroplus Holdings announced the three closings last Friday as banks starting freezing more than $2 billion worth of the financially troubled Swiss company's credit lines.

Source: Hydrocarbon Processing

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