BP Plans to Keep Crude Unit at German Refinery Running for Now
An oil refinery operated by BP in Gelsenkirchen, Germany.
Photographer: Alex Kraus/BloombergBP Plc will for now keep running a crude-processing unit that it had planned to close at its Gelsenkirchen refinery — the bigger of its two plants in Germany — as the market contributes to the plant’s profitability.
The crude unit was was one of several units that the firm last year said would be taken out of service from 2025 amid high costs and declining demand for fuels. European refiners face competition from fuel imports originating in the Middle East and Asia.