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Shell Oil Products puts two US refineries up for sale

Shell Oil Products puts two US refineries up for sale
Shell Oil Products, a subsidiary of Shell, is marketing two of its refineries, one in Mobile, Alabama and Puget Sound near Anacortes, Washington.

The company says the decision is consistent with its previously disclosed plans to reshape its refining portfolio globally to leverage Shell's natural strengths and integration opportunities.

Robin Mooldijk, EVP manufacturing, says: 'We are refocusing our global presence in line with that of our customers trading operations and chemical plants. This will result in a more valuable, integrated downstream business.'

The process may or may not result in a finalised sale transaction, and if it does not result in a sale, Shell plans to continue operating the refineries.

Mooldijk adds: 'Both refineries have done an excellent job over the last number of years and have made several notable achievements in safety, reliability and performance.'

Shell says that the US Gulf Coast will remain a key manufacturing hub for Shell, along with Rotterdam and Singapore.



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