Re-posting.
***********************************
Pemex: Deer Park
Updates
January 20, 2022: deal closes. Pemex owns Deer Park.
June 5, 2021: Pemex plans for Deer Park unlikely to work. And from ArgusMedia.
Original Post
Deer Park, Houston, TX, refinery: 50-50 joint venture between Shell and Pemex.
- Recently, Mexico's president voiced discontent with partnership. Says his country not seeing any benefit. That was May 6, 2021.
- Fast forward, to May 24, 2021: Shell accepts unsolicited offer from Pemex for Deer Park. Link at World Oil. Deal:
- $596 million, cash and debt;
- Shell will retain its on-site chemical facility
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.