Who is buying Shell refinery?

Who is buying Shell refinery?

Catch up on the developing stories making headlines. MEXICO CITY — Mexico said Monday it will buy Shell’s 50% share in the jointly owned Deer Park refinery near Houston for about $600 million.

Where does Shell refine its oil?

The Shell Oil Refinery in Martinez, California, the first Shell refinery in the United States, supplies Shell and Texaco stations in the West and Midwest.

Who owns the Martinez refinery?

Marathon Petroleum Company
The refinery is owned by Marathon Petroleum Company. The refinery is located on 2,200 acres, in 2016 had approximately 650 full-time employees, and has a crude oil capacity of 166,000 barrels per day….Golden Eagle Refinery.

Refinery details
Operator Marathon Petroleum Company

Why Shell sold Deer Park refinery?

Expected to close in the last quarter of 2021, Shell said the transaction allows it to further focus its refining footprint, while also “maintaining integration optionality and retaining value through its chemicals and trading activities.”

What happened to the Shell refinery in California?

Equilon Enterprises LLC d/b/a Shell Oil Products US (Shell), a subsidiary of Royal Dutch Shell plc announced today that it has formally closed on the sale of Shell’s Martinez Refinery in California to PBF Holding Company LLC (PBF), a subsidiary of PBF Energy, Inc., in exchange for $1.2 billion which includes the refinery and inventory.

Where is shell located in Southern California?

Shell in Carson Southern California The Southern California Distribution Complex is located in Carson, California and provides petroleum products including ethanol to serve the energy needs of Southern California. Inside Shell Carson Complex

How will Shell’s core refineries look by 2025?

By 2025 we expect to have interests in a smaller, core set of refineries. A key advantage of these core sites will come from further integration with Shell trading hubs, and from producing more chemicals and other products resilient in a lower-carbon future, such as bitumen and base oils. Our focus is value rather than volume.

Why is shell divesting its refining business?

This divestment aligns with Shell’s strategy to reshape refining efforts towards a smaller, smarter refining portfolio focused on further integration with Shell Trading hubs, Chemicals, and Marketing. By 2025 we expect to have interests in a smaller, core set of refineries.

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