Source AP ©

Royal Dutch Shell expands joint-venture refinery in Texas

One of the world's largest oil companies - Royal Dutch Shell PLC said Friday it will begin construction on the expansion of its joint-venture refinery in Port Arthur, Texas.

Financial details of the transaction were not disclosed.

"Shell's investment in the Motiva Port Arthur Refinery expansion will lead to increased supplies of gasoline, diesel and aviation fuels in the U.S.," the company said in a statement.

Shell expects the expansion to boost capacity by 325,000 barrels of oil equivalent a day to 600,000 barrels, making it the largest refinery in the U.S. and one of the largest in the world.

The Port Arthur operation is run in cooperation with Saudi Refining Inc.

Shell shares were little changed at 2097 pence (US$42.05; EUR30) in London.

Comments
Hot drinks trigger esophageal cancer, new study says
Christchurch aftermath: Invaders complain of invaders
The Decolonization of Western Sahara: A Saharawi vision of the solution
Massacres of Muslim Worshipers in Christchurch: Tragic Insanity at Place of Worship
Christchurch aftermath: Invaders complain of invaders
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Christchurch aftermath: Invaders complain of invaders
Christchurch aftermath: Invaders complain of invaders
Christchurch aftermath: Invaders complain of invaders
Christchurch aftermath: Invaders complain of invaders
Putin's new fantastic arms shock the West
Christchurch aftermath: Invaders complain of invaders
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Christchurch aftermath: Invaders complain of invaders
Christchurch aftermath: Invaders complain of invaders
The Recolonization of Latin America and the War on Venezuela
New Zealand: Global idiocy reaches down under
Christchurch aftermath: Invaders complain of invaders