Reuters: Bankruptcy News: Former Petroplus Swiss refinery Cressier fully operational-Vitol

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Former Petroplus Swiss refinery Cressier fully operational-Vitol Jul 25th 2012, 09:35 LONDON, July 25 | Wed Jul 25, 2012 5:35am EDT LONDON, July 25 (Reuters) - Swiss refinery Cressier, formerly owned by the bankrupt Petroplus, and now run in a joint venture between Vitol and Atlas Invest is now fully operational, Vitol said on Wednesday. "With a number of investments made following the acquisition, conditions are now met to fully resume refining and corresponding marketing operations with safety as the key priority," Vitol said in a statement. Swiss-based Petroplus filed for insolvency in January after it defaulted on $1.75 billion of debt. The refinery was one of Petroplus's smaller plants with a capacity of around 68,000 barrels per day.

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