Italian refiner seeks boost from supply and trading unit
Saras gains from rebound in refining margins and flexible Sardinia refinery
This year has seen a reversal of fortune for the Italian refiner Saras. Like many European refiners, it went through a difficult patch in recent years, but in the first quarter of 2015, Saras earned a net profit of €74.2 million ($81.9 million), after a €261.8 million ($291.9 million) loss in 2014.
Saras's rebound was largely due to a surge in refining margins – the difference between the price refiners pay for crude oil and the price they get for the gasoline, diesel and other refined products
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