Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Swedish refiner Nynas calls in administrators over PDVSA sanctions

By Declan Bush

16 December 2019

Swedish refiner Nynas calls in administrators over PDVSA sanctions Nynas refines specialty oils used for making asphalt. / Nynas

A Swedish oil refiner half owned by PDVSA, Venezuela’s state-owned oil company, has applied for a court-supervised restructuring after US sanctions eroded its profits.