Category: Business News
After a thorough Information and Consultation process with employees and their representatives the Board of Directors of Esso Norge AS has decided to convert its Slagen refinery to a Fuel import terminal.
Slagen refinery operates in an increasingly challenging market, characterized by strong competition, evolving regulatory measures and falling demand leading to overcapacity in the market. In this environment the continued Slagen refinery operation is not economically viable over the long term.
Ongoing reliable fuel supply for Esso customers will be ensured through import of high quality fuel products.
We thank our employees for their tremendous efforts to improve the performance of the Slagen refinery. We understand the significant impact of the decision on our employees, and remain committed to supporting them during this challenging time.