Esso Norge AS is evaluating the conversion of operations at its Slagen refinery to a fuel import terminal. The Board of Directors of Esso Norge AS has today initiated an Information and Consultation process with employees and their representatives as part of an extensive review of the long-term economic viability of the facility.
Refineries in Europe operate in an increasingly challenging market, characterized by falling demand and strong competition, leading to overcapacity in the market. In Norway, demand has decreased for road transportation fuels.
“We thank our employees for their tremendous efforts during this challenging time,” said Per-Erik Aasum, president of Esso Norge AS. “We understand the significant impacts a conversion would have on our employees, and we are committed to keeping an open dialogue throughout the process to ensure our employees are treated fairly and with respect.”
If converted to a terminal, Slagen would import high quality fuel products for further distribution through existing infrastructure to ensure ongoing, reliable fuel supply for Esso customers. The basis for and timing of a potential conversion will be subject to consultation with employees and dialogue with the relevant authorities.
During the course of the evaluation, the Slagen refinery will remain in operation to ensure continued, reliable fuel supply. Throughout this process, the company’s priorities will remain the same — meeting the expectations of employees, customers and business partners, while maintaining a consistent focus on safe, reliable and environmentally responsible operations.
Esso has a long history in Norway and has delivered high quality products and services for more than 125 years. The Slagen refinery has provided critical energy products to support the country’s growth since 1961. We value the long-term relationship with our customers and will continue to provide first-class customer service.
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