Pursuits
Billionaire Klesch Seeks to Buy More European Oil Refineries
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Gary Klesch, the billionaire who’s buying an oil refinery in Wales, said he plans to purchase five or six more in Europe.
The owner of Klesch Group is considering investments over the next two years in England, Germany, Italy, France and central Europe, he said in an interview in London yesterday. His Geneva-based company agreed to buy the Milford Haven refinery from Murphy Oil Co. at the end of July, a transaction scheduled to close next month. The plant is the U.K.’s smallest, handling 135,000 barrels a day.