Shell sells stake in Texas refinery to Pemex for nearly US$600 million

The two companies had a 50/50 stake in the Houston-area refinery

Sold: Shell has reached an agreement to sell its stake in the Deer Park, Texas oil refinery to Pemex for US $596 million — Sold: Shell has reached an agreement to sell its stake in the Deer Park, Texas oil refinery to Pemex for US $596 millionFoto: Hamad I Mohammed

Mark Passwaters

Houston

Shell Pemex Texas Shell Oil Company North America

Published 25 May 2021, 17:33Updated 25 May 2021, 17:43