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.

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.