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/
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