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ERG CEO says refinery business still good one

ERG CEO says refinery business still good one

Write: Vada [2011-05-20]
MILAN, May 14 - Italy's ERG SpA (ERG.MI) still believes refining is a good business to be in, Chief Executive Alessandro Garrone said on Thursday.

"Long-term, we still see the refining business as a good business," he said in a conference call on the refiner's 2009-2012 business plan.

He said no further maintenance shutdowns were planned for this year.