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#494342 - 30th Mar 2011 10:45am Shell To Sell Stanlow Refinery for $1.3billion
MattLFC Offline
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Registered: 14th Aug 2004
Posts: 22315
Loc: Moreton/Beirut/Mobile
Originally Posted By: BBC News
Royal Dutch Shell has agreed to sell Stanlow refinery, the UK's second-biggest oil refinery, to India's Essar Energy in a deal worth $1.3bn (£814m).

The Stanlow plant near Ellesmere Port employs 960 people and accounts for about 15% of total production from the UK's oil refineries.

Essar said it had no plans to make any redundancies at the plant, which refines 270,000 barrels of oil a day.

The deal is expected to be completed in the second half of this year.

So much for Danny888 claiming quite a few times, hand on heart, and citing his source as a family member high up the heir-achy within Shell, that Stanlow makes a miserly £250,000 per year... working out at a rate of 400,000 USD, it would take them 35 years to even turn a profit looooooooooooool.

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#494350 - 30th Mar 2011 10:53am Re: Shell To Sell Stanlow Refinery for $1.3billion [Re: MattLFC]
_jase_
Unregistered


Originally Posted By: MattLFC

So much for Danny888 claiming quite a few times, hand on heart, and citing his source as a family member high up the heir-achy within Shell, that Stanlow makes a miserly £250,000 per year... working out at a rate of 400,000 USD, it would take them 35 years to even turn a profit looooooooooooool.


raftl


Just been reading about this. You beat me to posting it.. smile

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#494354 - 30th Mar 2011 11:03am Re: Shell To Sell Stanlow Refinery for $1.3billion [Re: MattLFC]
Alex85
Unregistered


I believe Stanlow produces almost 20% of all UK petrol.

£250,000 a year profit from 20% of the entire UK supply of petrol means that there really isn't all that much money in petrol. I think Danny had his facts wrong.

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#494358 - 30th Mar 2011 11:14am Re: Shell To Sell Stanlow Refinery for $1.3billion [Re: ]
Nelzy84 Offline
Forum Guardian

Registered: 21st Dec 2010
Posts: 3354
Loc: Wirral
Originally Posted By: Alex85
I believe Stanlow produces almost 20% of all UK petrol.

£250,000 a year profit from 20% of the entire UK supply of petrol means that there really isn't all that much money in petrol. I think Danny had his facts wrong.


Reckon so, interesting that the likes of BPpetrol stations don't even have a mark up on fuel not sure about shell
_________________________


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#494451 - 30th Mar 2011 1:25pm Re: Shell To Sell Stanlow Refinery for $1.3billion [Re: MattLFC]
little_pob Offline
Smartchild

Registered: 30th May 2008
Posts: 442
Loc: Upton
To be fair, he did say that was the profit on petrol...

However, for more reliable numbers, the Daily Post states, for H1 2010, Stanlow made EBITDA profits of £39m. Whether that is normal, lower or higher isn't stated.

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