After Deerpark, I wonder what they will sell next and is it maybe Norco?
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Permian. It was just announced that they are in talk with potential buyers for $10B. So anything can be cashed out is a welcome in the shell world. Money talks :)
Please sell Bukom. For almost 2 decades the local management cannot make it profitable. How much longer does Shell need to bleed to operate this site as a charity? The contractors, on the other hand prefers Bukom to remain as it is as they make record profits year after year. The wastage is galling.
Being one of Shell's biggest site also means it is one of Shell's biggest liability.
Unconventionals
SARNIA, CANADA sold to SUNCOR
BRIEF-Press Release - Shell Sells Alabama Refinery To Vertex Energy
BY REUTERS — 34 MINUTES AGO
May 26 (Reuters) - Royal Dutch Shell plc (RDS/A)
- PRESS RELEASE - SHELL SELLS ALABAMA REFINERY TO VERTEX ENERGY
- SHELL - AGREEMENT COVERS SALE OF MOBILE REFINERY AND ASSOCIATED CO-LOCATED LOGISTICS INFRASTRUCTURE
- SHELL - CONSIDERATION FOR TRANSACTION IS $75 MILLION IN CASH PLUS VALUE OF HYDROCARBON INVENTORY