By Brian Swint and Rachel Graham – Jan 12, 2011 2:02 PM GMT+0000
Royal Dutch Shell Plc said it plans to stop fuel production at its refinery near Hamburg and turn it into a terminal after a two-year search failed to find a buyer.
The company is still looking to sell the lubricant production unit at the Harburg refinery in Germany. It will maintain the refinery in its current form until the second quarter of 2012, The Hague-based company said in a press release on its website in German today.
We will make every effort to minimize the effects on workers and to maintain the same good level of service and quality products for our customers, said Peter Seifried, head of Shells German business.
The Harburg refinery can process 110,000 barrels a day, according to Bloomberg data.
Shell decided in December to keep its Stanlow refinery in the U.K. running even if a sale to Indias Essar Oil Ltd. falls through.
To contact the reporter on this story: Brian Swint in London at [email protected]. Rachel Graham in London at [email protected]
To contact the editor responsible for this story: Will Kennedy at [email protected]
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