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Shell To Sell Stanlow Refinery for $1.3billion #494342
30th Mar 2011 9:45am
30th Mar 2011 9:45am
Joined: Aug 2004
Posts: 22,315
Moreton/Beirut/Mobile
MattLFC Offline OP
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MattLFC  Offline OP
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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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Re: Shell To Sell Stanlow Refinery for $1.3billion [Re: MattLFC] #494350
30th Mar 2011 9:53am
30th Mar 2011 9:53am

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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

Re: Shell To Sell Stanlow Refinery for $1.3billion [Re: MattLFC] #494354
30th Mar 2011 10:03am
30th Mar 2011 10:03am

A
Alex85
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Alex85
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A


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.

Re: Shell To Sell Stanlow Refinery for $1.3billion [Re: ] #494358
30th Mar 2011 10:14am
30th Mar 2011 10:14am
Joined: Dec 2010
Posts: 3,354
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Nelzy84 Offline
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Nelzy84  Offline
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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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Re: Shell To Sell Stanlow Refinery for $1.3billion [Re: MattLFC] #494451
30th Mar 2011 12:25pm
30th Mar 2011 12:25pm
Joined: May 2008
Posts: 444
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little_pob Offline
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little_pob  Offline
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Posts: 444
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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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