July 9, 2020:

Royal Dutch Shell Plc is weighing the sale of its 211,146 barrel-per-day (bpd) Convent, Louisiana, refinery, the company said on Tuesday. Robin Mooldijk, Shell’s executive vice president of manufacturing, told employees in an internal message on Tuesday about the possible sale of the refinery, located 58 miles (93 km) west of New Orleans, according to sources familiar with plant operations. Shell took sole ownership of the refinery on May 1, 2017, when Motiva Enterprises [MOTIV.UL] became a wholly-owned subsidiary of Saudi Aramco. Motiva had been a joint-venture between the two companies for 15 years. Shell spokesman Curtis Smith said the possible sale was part of the company’s plan announced in 2019 to structure its operations to match the future market for downstream products.

- Reuters