1 August 2007
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 Vendenhei
Also in this section
23 July 2025
The country’s energy minister explains in an exclusive interview how the country is taking a pragmatic and far-sighted approach to energy security and why he has great confidence in its oil sector
23 July 2025
Gas is unlikely to assume a major role in Albania’s energy mix for years to come, but two priority projects are making headway and helping to establish the sector
22 July 2025
The gas-hungry sector is set for rapid growth, and oil majors and some of the world’s largest LNG firms are investing in ammonia production and export facilities, though much depends on regulatory support
22 July 2025
Next year’s WPC Energy Congress taking place in April in Riyadh, Saudi Arabia will continue to promote the role of women in the energy sector, with a number of events focusing on the issue.
