Shell May Close or Sell Montreal East Oil Refinery
By Guy Collins
July 9 (Bloomberg) -- Royal Dutch Shell Plc may close or sell its Montreal East refinery in Quebec, Canada, among various options it’s considering for the plant as part of a global review of assets.
Possibilities include the sale of the refinery and some associated downstream businesses; closure of the plant; conversion into a terminal; establishment of a joint venture; or continued operation, a Shell spokesman said today by telephone, declining to be identified in line with company policy.
Shell is continuing to review its global assets as Peter Voser settles into his new role as chief executive officer, replacing Jeroen van der Veer. Voser said in May that The Hague- based Shell has become “too complex,” announcing plans to merge the exploration and production, gas and power, and oil- sands units along geographical lines.
A review of the Montreal East refinery could take some months and no decisions on its future have yet been taken, the spokesman said. The plant can process 130,000 barrels of oil a day.
To contact the reporter on this story: Guy Collins in London at guycollins@bloomberg.net
July 9, 2009
http://www.bloomberg.com/apps/news?pid=20601082&sid=a9fELWEx4f.M
