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Saturday, June 5, 2021

Pemex Piss-Poor Planning -- June 5, 2021

 Re-posting.

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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.

  • 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

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