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Calculating Neste Oil reference margin_2
Neste reference margin
- Pricing basis at Porvoo and Naantali refineries
- Feed structure comparable to Neste
- Product yields comparable to Neste
- Similar cost structure vs. Neste total refining margin
Key differences between Neste reference margin and Neste total refining margin
- Actual product yield structure and feedstocks
- Actual product sales distribution, pice differentials and timing
- Actual variable costs (production and freights)
- Base oils contribution
- Contango contribution