Shell negotiating partial sale of the refinery Harburg

abarrelfull wrote on 13 Jan 2011 06:29
Tags: germany hamburg refinery shell

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The Shell Oil Company Germany, today and employee representation bodies on notice that it is negotiating with potential buyers for the sale of base oil production and related facilities at the refinery in Hamburg Harburg. At the same time are not salable parts of the refinery for the long-term operation as a terminal for the storage and handling will be converted from oil products. The discussions with the participation bodies to be included immediately.

"We will make every effort to minimize the impact on employees as low as possible and provide our customers with consistently good service and high product quality," said Peter Seifert, CEO of Shell Oil Germany GmbH

It is planned to operate the refinery in its current structure until the second quarter of 2012 and complete the conversion to a terminal in the course of 2012. Detailed plans are to begin shortly.

Despite extensive nearly two-year search, no interested party for the entire refinery site was found. In the wake of the global strategic focus on large, complex integrated refineries and Shell had announced in March 2009 to try to separate from the refinery Harburg. In addition to the preferred sale and the conversion were called to a terminal or the closure of the refinery as other options.

Shell is a leading energy company in Germany and expanding its business in this region. Says Shell has recently acquired 41 stations from Edeka. Shell is also continuing its investment program in the Rhineland refinery, one of the ten largest Shell refineries worldwide. The lubricating oil plant in Hamburg Grasbrook is not affected by this announcement.

• Shell negotiating partial sale of the refinery Harburg (German)

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