Shell finalises sale of Martinez Refinery
Published by Jessica Casey,
Editor
Hydrocarbon Engineering,
Shell has formally closed on the sale of its Martinez Refinery in California to PBF Holding Co. LLC, a subsidiary of PBF Energy Inc. (PBF).
Shell Oil Products US (Shell), a subsidiary of Royal Dutch Shell plc, has recently announced that it has formally closed on the sale of Shell’s Martinez Refinery in California to PBF in exchange for US$1.2 billion. The deal includes the refinery and inventory, as well as crude oil supply and product offtake agreements, among other adjustments.
Read the article online at: https://www.hydrocarbonengineering.com/refining/03022020/shell-finalises-sale-of-martinez-refinery/
You might also like
The Hydrocarbon Engineering Podcast - Overcoming downstream challenges with new technology
In this episode of the Hydrocarbon Engineering Podcast, Omar Sayeed, Centre of Excellence Leader for Reliability, and Rahul Negi, Director of AI and Industrial Autonomous, Honeywell Process Solutions, consider how new, innovative technology can help to overcome some of the challenges facing the downstream oil and gas sector.
Tune in to the Hydrocarbon Engineering Podcast on your favourite podcast app today.
