Search results
May 24, 2021 · The agreement covers the sale of Shell’s 50.005% interest in the partnership, and therefore transfers full ownership of the refinery to Pemex. Shell Chemical L.P. will continue to operate its 100% owned Deer Park Chemicals facility located adjacent to the site.
- First Point
- Second Point
- Third Point
- Fourth Point
- Fifth Point
- Sixth Point
- Seventh Point
- Eighth Point
The transaction covers the sale of Shell Oil Company’s 50.005% stake in Deer Park Refining Limited Partnership. Shell Chemical L.P. will continue to operate its 100% Deer Park Chemicals-owned facility located adjacent to the site. Deer Park refinery
Deer Park employees will be assigned to refinery or chemical plant assets. The employees assigned to the assets of the Refinery in the scope of the divestment will receive a job offer from Pemex effective upon closing the agreement with the transaction, and the employees assigned to the assets of the Chemical Plant will continue to be employees of ...
The Deer Park refinery has a crude capacity of 340,000 barrels per day. The refinery processes crude from Mexico, Canada, United States, Africa and South America. Products produced by the refinery include gasoline, aviation fuel, diesel fuel, ship fuel, and petroleum coke.
The hydrocarbon inventory will be valued at closing based on actual volumes and prevailing market prices. The current value of the hydrocarbon inventory would range from $ 250 to $ 350 million in cash assuming current market prices and historical inventory volumes under normal operating conditions.
The Deer Park Refining Limited Partnership is proportionally consolidated in the results of the International Financial Reporting Standards of Royal Dutch Shell plc.
Why did Pemex buy the Deer Park refinery?
In our third quarter 2020 results, we outline the future of our Chemicals and Refining business. Shell plans to focus its refining portfolio on a smaller set of core sites that are integrated with Chemicals and Trading, which we refer to as Chemical and Energy Parks. These locations will maximize the integration benefits of conventional fuel and chemical production, while offering new low-carbon fuels and high-performance chemicals. They also offer potential future centers for carbon sequestr...
The United States will continue to be a key global manufacturing center for Shell. Shell will maintain a significant presence in Texas through its chemical facilities in Deer Park and its activities in the Permian Basin, and in Louisiana through its integrated refining and chemicals site in Norco, its chemical plant in Geismar, assets of midstream ...
The president of Mexico, Andrés Manuel López Obrador, said that at the beginning of his six-year term, six refineries were received in poor condition that are being modernized, so that in the final part of his six-year term, in 2023, the country will have eight refineries with which it is expected that they will stop buying fuelsabroad.
Nov 30, 2021 · A U.S. national security review has delayed the sale of Royal Dutch Shell's controlling interest in a Texas refinery to Mexico's national oil company, Petroleos Mexicanos (Pemex), Shell said on...
May 24, 2021 · HOUSTON/MEXICO CITY, May 24 (Reuters) - Royal Dutch Shell agreed on Monday to sell its controlling interest in a Texas refinery to partner Petroleos Mexicanos (Pemex) for about $596...
May 24, 2021 · Shell Oil Company, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its interest in Deer Park Refining Limited Partnership, a 50-50 joint venture between Shell Oil Company and P.M.I. Norteamerica, S.A. De C.V. (a subsidiary of Petroleos Mexicanos, or Pemex).
Jan 14, 2022 · Royal Dutch Shell (RDSa.L) had agreed in May to sell its majority stake in the Deer Park refinery, which can process up to 340,000 barrels per day (bpd), to Pemex (PEMX.UL), its long-time...
People also ask
Is Shell selling Deer Park refinery to Pemex?
Why did Royal Dutch Shell buy Petroleos Mexicanos?
Does Royal Dutch Shell own Deer Park Refinery?
Did Pemex offer employment to employees at Deer Park Refinery?
Who is Petroleos Mexicanos (Pemex)?
Who owns Deer Park Refinery?
May 24, 2021 · Royal Dutch Shell (RDSa.L) agreed on Monday to sell its controlling interest in a Texas refinery to partner Petroleos Mexicanos (Pemex) for about $596 million, the latest move by the...
