Sep. 02. - Shell scraps Equilon refinery division and Equiva Services trading unit

Source Press Release
Company Royal Dutch ShellTexaco 
Tags Refining & Marketing Activities
Date September 09, 2002

Shell is scrapping its Equilon refinery division and Equiva Services trading unit – entities set up in 1998 as part of its US downstream joint venture with TexacoTexaco sold its share of Equiva and Equilon to Shell earlier this year as a condition of its merger with Chevron. It also sold its interest in the Motiva joint refining venture, which is now held jointly by Shell and  Saudi Aramco. Equilon assets are being transferred to Shell Oil Products US and to Shell Pipeline Company. Ownership of the 340,000 b/d Deer Park refinery in Texas remains a joint venture with Mexico’s state owned oil company Pemex. Shell trading US is assuming Equiva’s responsibilities.

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