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.BBC News Report