Sign up Australia
Proactive Investors - Run By Investors For Investors

Range Resources sees no impact resulting from Petrotrin refining changes

Trinidad's national oil company will cease refining operations on the island, opting to export crude instead
oil and gas operations
Range sells its crude to Petrotrin

Range Resources Ltd (LON:RRL) has told investors that the announced changes to the refining policy of Trinidad’s state oil firm is not expected to have any impact on the company’s operations.

The planned restructuring of Petrotrin's operations will see the state oil firm stop refining activities, and instead export crude, as it also focusses more on exploration and production.

READ: Range Resources updates on Trinidad operations

Range, in this afternoon’s statement, said: “Range currently sells all of its produced oil in Trinidad to Petrotrin under various contracts and not directly to the refinery.

“The company expects that following the restructuring it will continue to sell its produced oil to Petrotrin and the restructuring of Petrotrin's operations is not anticipated therefore to have any impact on the company's operations in Trinidad.

“Range looks forward to continuing its long-standing relationship with Petrotrin and working with them during this transition period.”

View full RRL profile View Profile

Range Resources Timeline

Related Articles

July 25 2018
The company is focused in the Wheatland and Princess in Southern Alberta, where it is targeting the Lower Mannville formation
oil and gas operations
May 23 2018
An acreage award in the UK 30th Offshore Licensing Round expands the group's flagship Liberator field
Gas plant
July 05 2018
West Rustavi is not Block’s only play in Georgia, it has stakes in two other licences, but it is the potential headline grabber

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use