Stock Groups

Shell Deer Park Texas refinery saie delayed pending CFIUS approval

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO – Filled oil drums can be seen in Royal Dutch Shell Plc’s lubricants blend plant at Torzhok (northwest of Tver) on November 7, 2014. REUTERS/Sergei Karpukhin

HOUSTON (Reuters] – Royal Dutch Shell Plc stated on Tuesday that a delay in the approval of the federal Committee on Foreign Investment in the United States(CFIUS), has hindered the sale its controlling interest in a joint Venture refinery in Deer Park in Texas to Petroleos Mexicanos.

Shell will work with regulators to conclude the sale by year’s end, Curtis Smith, spokesperson at the company said via email.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are provided by market makers and are therefore not necessarily accurate. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]