Tip for Safety and Environmental Regulators – If a Refinery is being sold, INSPECT!
Saw an interesting article in Hydrocarbon Processing titled:
Rosneft faces $100-MM bill to boost safety at Bashneft refineries
That reminded me of the Amoco refineries that were sold to BP and had a horrible safety record.
Regulators should have a red flag for any assets covered under a PSM program. If they are being sold, INSPECT!
Perhaps this could stop management from excessive cost-cutting pre-sale to boost the bottom line at the expense of safety and the environment.