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re: Shell selling Convent refinery
Posted on 7/7/20 at 11:03 am to wileyjones
Posted on 7/7/20 at 11:03 am to wileyjones
Would assume Aramco (Motiva) is the buyer
This post was edited on 7/7/20 at 11:05 am
3
Posted on 7/7/20 at 11:09 am to fightin tigers
Motiva seems to be a much better company to run refineries. They are nimble and have much more "common sense" than Shell. Shell seems to be almost run like a bloated slow federal government entity at times.
Plus they aim to be carbon neutral by 2050. I guess for now they are trying to focus on more profitable assets.
Shell is great at their offshore deepwater stuff and more technically advanced things.
Plus they aim to be carbon neutral by 2050. I guess for now they are trying to focus on more profitable assets.
Shell is great at their offshore deepwater stuff and more technically advanced things.
Posted on 7/7/20 at 4:49 pm to fightin tigers
I am not sure Motiva wants that back they are looking at massive investments in Port Arthur.... to the tune of 9-10 billion... but anything is possible.
Posted on 8/6/20 at 6:16 pm to fightin tigers
quote:
Would assume Aramco (Motiva) is the buyer
Any word on if Aramco is interested? Seems like a buyer's market right now and they were interested in expanding operations in the US.
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