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Calgary Herald: Shell considers selling refineries

Royal Dutch Shell PLC said Thursday it would conduct a strategic review of some refinery assets, an indication it may sell them.

The assets include the PetitCouronne and ReichstettVendenheim refineries and the Berre-l’Etang refinery site complex in France, with a combined capacity of around 300,000 barrels per day, and the Yabucoa plant in Puerto Rico, which has a capacity of 79,000 barrels a day.

Shell said it’s also reviewing operations in the Dominican Republic, where it owns a 50 per cent stake in the 30,000 barrels per day Refidomsa refinery.

“The assets we’re reviewing are important to their markets, and, in fact, a number of parties have approached us with an interest in purchasing them,” Rob Routs, head of Shell’s refining arm, said in a statement.

Shell said any sale would require regulatory approval.

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