Royal Dutch Shell Plc  .com Rotating Header Image

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.

12 January 2007

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

0 Comments on “Calgary Herald: Shell considers selling refineries”

Leave a Comment

%d bloggers like this: