Shell finalises sale of Martinez Refinery
Published by Jessica Casey,
Deputy 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/
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