IHS Chemical Week

Regions :: Western Europe :: U.K.

Shell Receives Offer from Indian Firm for U.K. Refinery

11:29 AM MST | February 21, 2011 | Ian Young

Shell confirms that it has received a $1.3-billion offer from Essar Energy (Mumbai) to acquire Shell's refinery at Stanlow, U.K. The companies have signed an exclusivity agreement until April 1, 2011 under which break fees would be payable if either company fails to sign an asset sales agreement. The acquisition deal is expected to close by mid-2011, Shell says. Shell also plans to enter an exclusive five-year contract to supply crude oil to Essar at Stanlow, and to receive products from Essar in the U.K. Shell put the Stanlow refinery up for sale in 2009 and...

This information is only available to Chemical Week subscribers.

Username:
Password:

Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers

 

 

 













 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2012 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa