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Annual and Sustainability Report 2008
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Business Overview
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Key events in 2008
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Key events in 2008
M&M experienced a challenging trading market in 2008, but we were well positioned to cope with the unprecedented market conditions and volatile crude oil prices. These are the key events of 2008.
We experienced a challenging trading market during 2008 due to the extreme unpredictability of crude oil prices and the oil products markets.
Increased diesel production capacity at Kalundborg refinery in Denmark after start-up of the modified fuel oil conversion unit in March 2008.
Reduced emissions to air at Mongstad when the volatile organic compounds (VOC) recovery unit went on stream on 13 June 2008.
Our largest ever turnaround (shutdown for inspection and maintenance) took place at the Mongstad refinery from September to November 2008.
Major on-going restructuring in Sweden, where we have converted 82 manned stations to unmanned and closed down 251 stations
Acquisitions:
Our energy and retail business received approval from the European Commission for the acquisition of 274 JET stations in Scandinavia on 21 October 2008.
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