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2020-02-03 11:15:00

SHELL SOLD MARTINEZ $1.2 BLN

SHELL SOLD MARTINEZ $1.2 BLN

SHELL - 01 February 2020 - Shell finalizes sale of Martinez Refinery

Equilon Enterprises LLC d/b/a Shell Oil Products US (Shell), a subsidiary of Royal Dutch Shell plc announced today that it has formally closed on the sale of Shell's Martinez Refinery in California to PBF Holding Company LLC (PBF), a subsidiary of PBF Energy, Inc., in exchange for $1.2 billion which includes the refinery and inventory. The deal also includes crude oil supply and product offtake agreements, and other adjustments.

Shell is very proud of the relationship…

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Earlier:

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