Stanlow Refinery
Essar to sell UK’s second-biggest refinery
The European refining industry is undergoing a shake-out as new entrants see opportunities
FINANCIAL TIMES
By Sylvia Pfeifer: Oil processing: A refined model: October 14, 2013 7:04 pm
EXTRACT: The former Shell refinery is no longer lossmaking. Its first full-year of operation as a profitable entity was in 2011. So what does Mr Klesch know that Shell, Europe’s biggest oil and gas company by market capitalisation, did not?
Essar Oil to buy Shell UK unit for $350-400 mln – sources
By Indulal P.M.
MUMBAI | Thu Feb 17, 2011 11:09am IST
(Reuters) – Indian refiner Essar Oil is set to buy Royal Dutch Shell’s Stanlow refinery in the United Kingdom for about $350 million to $400 million, two sources with direct knowledge of the development told Reuters.
The two companies have agreed on the terms and an announcement is expected soon, said the sources, who declined to be named as they were not authorised to speak to the media before an official announcement.
Shell Stanlow Unionised Workers Group Launch Website
The Unionised operators group, of Unitetheunion (T&G section), at Stanlow Manufacturing Complex have started a website to keep their members informed of what is happening regarding any potential sale of Stanlow by Shell. They have also added a “Message of Support Link” for people to show their support in their fight to maintain their terms and conditions in any transfer.
Shell Stanlow workers offered for sale like slaves in public auction
By John Donovan
On 18 August, The Sunday Times published an article: “Essar bids for British oil refinery in Shell auction“. It revealed that “Essar, the Indian energy, steel and shipping group, has made a bid for Royal Dutch Shells Stanlow refinery at Ellesmere Port…”
After being contacted by Shell insiders and supplied with internal email correspondence, it has become plain to us that the “auction” provides another classic example of Shell senior management disdain for Shell employees: in this case 800 people.