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Shell Closes Martinez Refinery Sale for 1.2 Billion Dollars

| Editor: Ahlam Rais

The refinery has been sold to PBF Holding Company, a subsidiary of PBF Energy in exchange for 1.2 billion dollars.
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The refinery has been sold to PBF Holding Company, a subsidiary of PBF Energy in exchange for 1.2 billion dollars. (Source: Deposit Photos)

PBF Holding Company has acquired Shell’s Martinez refinery located in California, USA. The deal includes the refinery’s inventory, crude oil supply, product offtake agreements, and other adjustments.

USA – Equilon Enterprises d/b/a Shell Oil Products US (Shell), a subsidiary of Royal Dutch Shell has recently announced that it has formally closed the sale of Shell’s Martinez Refinery in California, USA.

The refinery has been sold to PBF Holding Company (PBF), a subsidiary of PBF Energy in exchange for 1.2 billion dollars which includes the refinery and inventory. The deal also includes crude oil supply and product offtake agreements, and other adjustments.

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