Unipetrol purchases Shell’s shareholding in Ceska Rafinerska

Today, Shell signed an agreement for the sale of its 16.3 percent shareholding in Ceska Rafinerska to Unipetrol for the sum of $27.2 million. Ceska Rafinerska includes the Kralupy refinery and the Litvinov refinery, with a combined capacity of 177,000 barrels per day. Shell hopes to complete the sale in 2014.

Shell’s Retail, Lubricants and Aviation businesses are not impacted by this announcement. Shell has established long-term supply agreements to serve Shell’s retained businesses and to ensure that we will be able to continue serving our customers with high quality fuels and to the highest standards. Shell retains a strong Downstream presence in the Czech Republic.

The sale is consistent with Shell’s strategy to concentrate its global Downstream footprint and businesses where it can be most competitive. Recent examples include the sale of refineries in the UK and Germany.

Shell is committed to conducting its business in the Czech Republic with safety a priority.

Sponsor:

News Category:

Company News

Other News Items

Beyond processbook & PI vision: Exploring today’s industrial analytics tools

(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...

04-06-2024
Sasol provides state of the art catalysts to INERATEC for the production of sustainable e-fuels

The catalysts will be used, among others, in the first large-scale industrial Power-to-Liquid (PtL) plant that INERATEC is currently building in Frankfurt, Germany, which ...

24-04-2024
Baker Hughes to supply 17 centrifugal compressors to Saudi Master Gas System project

Baker Hughes, an energy technology company, announced Tuesday that it has received an order by Worley, for and on behalf of Aramco, to supply gas technology equipment ...

23-04-2024
SABIC Fujian Petrochemicals select Phenol yechnology from KBR

KBR announced today it has been awarded a contract by SABIC Fujian Petrochemicals to license KBR's market-leading phenol technology in China. Under the terms of the ...

22-04-2024
Lummus Expands R&D capabilities to enhance innovation and water and wastewater technologies

Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the opening of its cutting-edge research and development (R&D) ...

17-04-2024
Clariant launches new CATOFIN® 312 propane dehydrogenation catalyst

Clariant, a sustainability-focused specialty chemical company, today announced the launch of CATOFIN 312, its latest propane dehydrogenation catalyst. The new catalyst ...

16-04-2024
Yokogawa and GridBeyond conclude investment and strategic partnership agreements

Yokogawa Electric Corporation and energy IT solutions provider GridBeyond of Ireland announce that they have concluded a strategic partnership agreement. Furthermore, ...

16-04-2024
Heraeus Precious Metals launches Circlear

Heraeus Precious Metals, a globally leading company in the precious metals industry and one of the largest recyclers of precious metals, has introduced its new offering ...

16-04-2024
EMA and JERA to cooperate on LNG procurement and supply chains

The Energy Market Authority and JERA Co Inc, have signed a Memorandum of Understanding to cooperate on mutually beneficial areas in liquefied natural gas procurement ...

16-04-2024
Hexagon and Dragos unveil technical partnership to strengthen industrial cybersecurity

Hexagon’s Asset Lifecycle Intelligence division today announced a strategic partnership with Dragos, a global leader in cybersecurity for operational technology (OT). ...

16-04-2024