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Dow Jones Newswires: Shell Sees No Near-Term Problems Securing Oil Supplies

HOUSTON -(Dow Jones)- Royal Dutch Shell PLC (RDSB.LN) said Monday that its West Coast refineries do not anticipate a crude shortage in the near term as a result of BP PLC’s (BP) decision to shut its Prudhoe Bay oil field in Alaska.

The company’s 143,000-barrel-a-day Puget Sound refinery in Anacortes, Wash., does run a fluctuating percentage of Alaskan North Slope, or ANS, crude, like that produced at Prudhoe Bay, said spokesman Stan Mays. But the refinery “has sufficient supply on hand or en route to secure sufficient supply from alternate sources to maintain full operations,” Mays said.

Shell’s other West Coast refineries, located in California, do not generally run ANS crude, Mays said. “They’re currently unaffected in the near term by the situation at the Prudhoe Bay facility.”

However, a California group representing independent gasoline marketers cautioned that the direction of supply to Washington to compensate for lost Prudhoe Bay production could limit supply to California refineries. “An additional issue for demand is whether the direction of alternative supplies to Oregon and Washington will effect California supplies,” said a spokesperson for the California Independent Oil Marketer’s Association.

-By Jessica Resnick-Ault, Dow Jone Newswires; 713-547-9208; [email protected]

 

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