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Started By
Message
re: Shell selling Convent refinery
Posted on 7/7/20 at 11:58 am to CitizenK
Posted on 7/7/20 at 11:58 am to CitizenK
quote:
After the huge cost overruns, in the billions,(Thank you Sarbanes Oxley) in the Motiva Port Arthur expansion, Shell and the Saudi's split the sheets in the USA.
I'm not sure that was the main driver of them splitting.
1
Posted on 7/7/20 at 6:50 pm to notiger1997
quote:
quote:
After the huge cost overruns, in the billions,(Thank you Sarbanes Oxley) in the Motiva Port Arthur expansion, Shell and the Saudi's split the sheets in the USA.
I'm not sure that was the main driver of them splitting.
I worked on the Motiva/Shell side as an owner rep during the split and I was told by Shell people the split was due to strategy differences. Motiva wanted to expand on the refinery side and Shell didn’t. Shell wanted to focus more on chemicals and LNG.
This post was edited on 7/7/20 at 6:51 pm
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