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Posts on ‘March 20th, 2016’

Largest U.S. refinery now belongs to Saudi Arabia

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Reuters reported that the relationship started to fray after Motiva announced a $10 billion expansion of the Port Arthur refinery, doubling its capacity to 603,000 barrels per day, making it America’s largest refinery. It produced gasoline, diesel and jet fuel. A leak shortly after the expansion was completed in 2012 led to ballooning costs, exacerbating tension between Shell and Aramco. A 2015 workers strike also sparked anger between the two companies.

The two companies signed a nonbinding letter of intent, a plan that would divide up Motiva’s refineries between them. The refineries have a combined capacity of 1.1 million barrels per day and are all located close to each other. The breakup will allow Saudi Aramco to take over the Port Arthur refinery and 26 distribution terminals, and Aramco will also hold onto the Motiva brand name. Shell will take over the other two refineries, Convent and Norco, both located in Louisiana. Shell said that it would operate the two refineries as one plant with a combined throughput of 500,000 barrels per day. read more

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Iraq Exports First Natural Gas Shipment in Its History

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By THE ASSOCIATED PRESS: MARCH 20, 2016

BAGHDAD — Iraq on Sunday exported the first shipment of natural gas in its history, a key development for the OPEC member struggling to feed a cash-strapped economy amid an expensive fight against the Islamic State group.

The move revives a long-sought ambition by Iraq to be a gas exporter, thanks to a joint venture with Anglo-Dutch Royal Dutch Shell PLC and Japan’s Mitsubishi Corp. Iraq first planned to begin exporting gas in the late 1970s, but that timeline was delayed by the Iraq-Iran war when Iraqi export ports were bombed. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Nigeria to Launch Environmental Cleanup

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Screen Shot 2016-03-15 at 10.34.57Shell Oil Co., a division of Royal Dutch Shell, admitted blame for oil spills in Ogoniland.

Peter Clottey: March 19, 2016 5:19 PM

Nigeria plans a massive cleanup in the oil-rich Niger Delta region, where some residents complain that years of poorly regulated petroleum production have taken a toll on vegetation, water quality, farmland and fishing communities.  

Alhaji Ibrahim Usman Jibril, minister of state for environment, said President Muhammadu Buhari is committed to resolving the country’s environmental challenges while creating jobs and ensuring sustainable development.

As evidence of that commitment, Jibril noted Buhari created two cabinet positions for the sector. Amina Mohammed is the minister for the environment. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell celebrates 75 years of partnership with Saudi Arabia

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Mar 20, 2016

RIYADH – Shell in Saudi Arabia commemorated its 75th anniversary at an event hosted on Wednesday in the presence of Prince Sultan Bin Salman, President and Chairman of the Board Saudi Commission for Tourism and Antiquities (SCTA) as the guest of honor and Shell’s CEO Ben van Beurden. In attendance were Prince Mohammed K.A. Al-Faisal, CEO of Faisaliah Group; Abdulaziz bin Turki Al Faisal, Khalid Al-Falih, Minister of Health and Chairman of the Board of Saudi Aramco; Amin Nasser, CEO of Saudi Aramco, and Sheikh Mohammed Al Jomaih. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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