Neste Oil Oyj: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Neste Oil Oyj's Diesel Line 4 at Porvoo Back On-Stream after Maintenance; Company Maintains FY 2012 Result Guidance
Neste Oil Oyj announced that maintenance work on diesel production line four at Neste Oil's Porvoo refinery has been completed and the line has been brought back on-stream ahead of schedule. The line was down for planned and unplanned maintenance for most of the second quarter of 2012. Production outages at the Porvoo refinery, together with a turnaround at the Naantali refinery, reduced Oil Products' additional margin over the Neste Oil reference refining margin, and resulted in this being only slightly positive during the second quarter of 2012. As previously announced, maintenance work originally scheduled for the fall was carried out during the outage at Porvoo in summer 2012, and the next planned maintenance turnaround on production line four remains scheduled for the first half of 2013. The Company also announced that its guidance for overall fiscal year 2012 result remains unchanged.
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