IN BRIEF: Shell subsidiary to net USD596 million via sale to Pemex
IN BRIEF: Shell subsidiary to net USD596 million via sale to Pemex Mon, 24th May 2021 21:20 Royal Dutch Shell PLC - Hague, Netherlands-based oil major - Says subsidiary Shell Oil Co has reached an agreement for the sale of its interest in Deer Park Refining Ltd, a 50-50 joint venture between Shell Oil and PMI Norteamerica SA De CV, which is a subsidiary of Petroleos Mexicanos. The consideration for this transaction is USD596 million which is a combination of cash and debt, plus the value of hydrocarbon inventory. "Shell did not plan to market its interest in the Deer Park refinery; however, f...