Advertisement
UK markets open in 6 hours 35 minutes
  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     
  • HANG SENG

    18,207.13
    +444.10 (+2.50%)
     
  • CRUDE OIL

    79.17
    +0.22 (+0.28%)
     
  • GOLD FUTURES

    2,312.20
    +2.60 (+0.11%)
     
  • DOW

    38,225.66
    +322.37 (+0.85%)
     
  • Bitcoin GBP

    47,107.81
    +705.71 (+1.52%)
     
  • CMC Crypto 200

    1,272.97
    +2.22 (+0.17%)
     
  • NASDAQ Composite

    15,840.96
    +235.48 (+1.51%)
     
  • UK FTSE All Share

    4,446.15
    +27.55 (+0.62%)
     

Exclusive-Shell to supply oil to Pemex's Texas refinery under long term contract -document, source

FILE PHOTO: A Shell logo is seen at a gas station in Buenos Aires

MEXICO CITY/HOUSTON (Reuters) - Royal Dutch Shell will supply crude to the 340,000-barrel-per-day Deer Park refinery for at least 15 years, as part of the sale of its stake in the Texas facility to Mexico's Pemex, according to a source and document on the transaction.

The handover, expected to happen on Thursday, will also include a labor agreement allowing Pemex to absorb most of the refinery's employees for two years, the source and the document said.

(Reporting by Adriana Barrera and Gary McWilliams)