The trading unit of Russia’s Lukoil plans to remove crude oil it has stored at the idled Come-by-Chance refinery in Newfoundland, Canada, three sources familiar with the matter said.
The Canadian refinery has been idled since last year, a casualty of coronavirus-induced demand destruction. Lukoil’s Litasco unit is its primary crude supplier, and currently is storing between 2 and 3 million barrels of oil there that..