Shell's Oil Refinery Intake Fell 8% in the First Quarter
The amount processed at Shell’s refineries fell by 248,000 barrels of oil equivalent a day to 2.78 million barrels a day, The Hague-based Shell said today in a statement.
Shell increased availability of its refineries to 94 percent in the first quarter, up from 92 percent in the same period last year. The completion of the expansion project at Motiva Enterprises LLC’s Port Arthur refinery in Texas more than doubled total capacity at the plant to 600,000 barrels a day, with crude processing starting earlier this month, the company said.
Motiva is a refining and marketing joint venture of Saudi Refining Inc., a subsidiary of Saudi Arabian Oil Co., and Shell’s U.S. oil unit. Shell owns 50 percent of the refinery.
To contact the reporter on this story: Rupert Rowling in London at firstname.lastname@example.org
To contact the editor responsible for this story: Stephen Voss at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.