Shell completes sale of $1.2bn Martinez Refinery
Shell completes sale of $1.2bn Martinez Refinery
Shell Oil Products US, a subsidiary of Royal Dutch Shell, has completed the sale of Martinez Refinery in California to PBF Holding Company LLC (PBF) for $1.2 billion.
The sale transaction includes Shell’s refinery, truck rack, and terminal in California as well as crude oil supply and product offtake agreements, according to a recent statement.
However, Shell’s associated branded fuel businesses, aviation terminal, a...