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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.

BBC News Report

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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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