By Kati Pohjanpalo
Aug. 6 (Bloomberg) -- Neste Oil Oyj, Finland’s only refiner, shut a diesel production line at its refinery in Finland today after a fire.
Repairs on the residue hydrocracker line at the Porvoo refinery near Helsinki will take “a few weeks,” based on initial estimates, the company said today in a statement.
The shutdown won’t affect fuel deliveries, said Miika Eerola, chief of the refinery, in a telephone interview today. The fire at the heavy crude oil heat exchanger lasted about an hour and caused no injuries to personnel. The company has yet to assess the extent of the damage and repairs, Eerola said.
In June, the line came out of a two-month maintenance to improve efficiency after suffering from technical faults since it started operating in 2007. The line has a capacity of 1 million metric tons a year.
The diesel line was expected to operate normally through the rest of 2009, Chief Executive Officer Matti Lievonen said on July 30. The Porvoo refinery, which has the capacity to process 196,000 barrels of oil a day, is scheduled to have a full maintenance stop in April.
Neste Oil said yesterday it plans to cut more than a tenth of its 4,000-strong staff in Finland to achieve half of a targeted 60 million euros ($86.4 million) in cost savings.
To contact the reporter on this story: Kati Pohjanpalo in Helsinki at kpohjanpalo@bloomberg.net
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