Quantcast
Shell Deer Park Texas refinery sale delayed pending CFIUS approval - company - Metro US

Shell Deer Park Texas refinery sale delayed pending CFIUS approval – company

FILE PHOTO: Filled oil drums are seen at Royal Dutch Shell Plc's lubricants blending plant in the town of Torzhok

HOUSTON (Reuters) – Royal Dutch Shell Plc said on Tuesday a delay in approval from the federal Committee on Foreign Investment in the United States (CFIUS) has delayed the sale of its controlling interest in a joint-venture refinery in Deer Park, Texas, to partner Petroleos Mexicanos (Pemex).

Shell is working with regulators to complete the sale by the end of this year, company spokesperson Curtis Smith said in an emailed statement.

(Reporting by Erwin Seba)

More from our Sister Sites