By Nidaa Bakhsh – Feb 9, 2011 12:01 AM GMT+0000
Royal Dutch Shell Plc and BP Plc, Europes largest oil companies, plan to close and sell refineries in the U.S. and Germany on declining demand for fuels such as gasoline in developed nations.
BP plans to sell its 475,000 barrel-a-day Texas City refinery in Texas and its 266,000 barrel-a-day Carson plant in California, the London-based company said on Feb. 1.
Shell plans to stop oil-processing at its 110,000 barrel-a- day Hamburg facility in 2012 after failing to find a buyer, the company based in The Hague said on Jan. 12.
Following are two tables. The first lists refineries around the world that have shut, are slated for permanent closure or conversion, units idled for economic reasons, and those that are up for sale. The second shows refinery sales that have been agreed or completed since early 2010. Capacity is shown in thousands of barrels of oil a day.
FOR SALE, CLOSURE OR CONVERSION
Company Refinery Status Capacity
EUROPE
Shell Hamburg Plans to convert 110
Germany site into terminal
in 2012, after
failing to find
buyer, company
said on Jan. 12.
Shell Stanlow Up for sale. 233
U.K. Announced in August
2009.
NORTH/CENTRAL AMERICA
Shell Montreal Conversion to 130
Canada terminal after
operations ceased in
Oct. 2010.
ASIA PACIFIC
Showa Shell Keihin Permanent closure 120
Japan of Ogimachi crude
unit in September
2011.
COMPLETED OR AGREED SALES
Company Refinery Status Capacity
Shell Gothenburg Agreed sale to St1 78
Sweden Oy of Finland on Oct.
27.
Shell Heide Agreed sale to 91
Germany U.K.s Klesch & Co.
on Aug. 20.
Shell Marsden Pt Shell sells 17% 109
New Zealand share to Infratil
and government
pension fund in
March 2010.
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