UK oil assets on the block

March 2011
Process Engineering;Mar/Apr2011, Vol. 92 Issue 2, p6
Trade Publication
The article reports on the intention of petroleum companies Royal Dutch Shell PLC, BP PLC, and INEOS to sell assets in Great Britain by the end of 2011. It states that Shell has received an offer with Essar Energy PLC to buy its Stanlow refiner and associated local market businesses in the country. Meanwhile, BP aims to sell interests on its oil and gas fields in the country while INEOS Group Ltd receives a proposed deal from PetroChina Co. Ltd. to buy 50 percent of its refining business.


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