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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