Yahoo Business News: Shell Malaysia: Refining Margin To Stay Strong Near Term
14 June 2005
KUALA LUMPUR (Dow Jones)–Shell Malaysia Chairman Jon Chadwick said Tuesday that he expects refining margins at Shell’s refinery unit to remain strong in the near term.
“First quarter was excellent and this bodes well for the rest of the year,” Chadwick told Dow Jones Newswires on the sidelines of the Asia Oil and Gas Conference being held here.
According to Chadwick, Shell Refining Co. (4324.KU) recorded a complex refining margin of $5.69 a barrel in the first quarter, up from $4.55/bbl in the same period last year.