Saras CEO says third quarter probably worst ever for the oil and refining industry

The third quarter was probably the worst ever for the oil and the refining industry, the chief executive of Italian refiner Saras SRS.MI said.

“The whole of the oil sector, and refining in particular, is undoubtedly going

through a very, very difficult moment,” Dario Scaffardi said.

Saras, which cut investments to tackle fallout from the health crisis, is working on a plan to steer the company through the energy transition, using more vegetable oils, renewable energy, carbon storage and hydrogen.

“We hope to resume investments strongly once the worst part of the crisis is past,” Scaffardi said.
By Stephen Jewkes

Gh Extractives

Ghextractives.com is an independent multimedia portal that seeks to provide credible information and news content to readers especially players in the extractive sector in Ghana, Africa and beyond. It also provides a unique platform for players in the energy sector to market their products and reach a wider audience

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