Reuters: Bankruptcy News: French Petit-Couronne may restart on June 7-union

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French Petit-Couronne may restart on June 7-union May 25th 2012, 09:18 PARIS | Fri May 25, 2012 5:18am EDT PARIS May 25 (Reuters) - The French Petit-Couronne plant of insolvent refiner Petroplus is likely to restart production around June 7 under a six-month deal with Royal Dutch Shell to deliver 100,000 barrels per day of products, a union official said on Tuesday. "The refinery should restart around June 7 but this will depend on works," Nicolas Vincent, CGT coordinator for the group, said on Friday. Shell has set a maximum spending limit to buy back products to the refinery, meaning the deal could last less than 6 months, he added.

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