The Hydrogen Production Unit (HPU) and the Iso Cracker Unit (ICR) at the Lysekil refinery are now both fully operational

As disclosed in the Corral Petroleum Holdings AB (publ) interim report on March 20, 2014 the HPU was shutdown in March due to a ruptured furnace tube. The HPU incident in arch also forced the shutdown of the ICR due to lack of hydrogen from the HPU, which resulted in reduced production of low-sulfur diesel. The units are now both fully operational.

Corral Petroleum Holdings AB has entered into an amendment to the Credit Agreement dated September 14, 2011 among Preem AB and the lenders party thereto, pursuant to which the parties have amended the interest coverage ratio for the quarters ending March 31, June 30, September 30 and December 31, 2014 and the leverage ratio for the quarter ending June 30, 2014. These amendments will provide Preem AB with flexibility to manage the financial effects from its recent operational issues at the Lysekil refinery.


For further information, please contact:

Magnus Heimburg, Chief Financial Officer
Office: +46 10 450 10 44