Related Articles
Forward article link
Share PDF with colleagues

Shell to cease refining in France

SHELL will sell its refining and petrochemicals operations in France, it said last month. In two separate agreements, it is to sell its Petit Couronne and Reichstett Vendenheim refineries to Petroplus, and its Berre-l'Etang refinery and petrochemicals facilities to Basell. The sale of the three refineries, all wholly owned by Shell and with a combined capacity of 300,000 barrels a day (b/d), is consistent with the strategy of "more upstream, profitable downstream", said Rob Routs, the firm's executive director for oil products and chemicals. Fast-growing Switzerland-based Petroplus will pay $0.875bn, including an estimated $400m of working capital, for Petit Couronne and Reichstett Vendenh

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Angola brings new deepwater project online
10 May 2021
Production at Zinia Phase 2 comes after years of upstream stagnation
Iraq renews gas drive
8 May 2021
Baghdad turns again to China to develop its second largest gasfield
European power trading innovation: Old dogs learn new tricks
7 May 2021
The founders of Energy Quantified by Montel have built analysis models before. But this time they have torn up the rulebook
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video