Exclusive-Shell to supply oil to Pemex’s Texas refinery under long term contract -document, source

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Updated: Jan 20, 2022, 18:37 GMT+00:00

MEXICO CITY/HOUSTON (Reuters) - Royal Dutch Shell will supply crude to the 340,000-barrel-per-day Deer Park refinery for at least 15 years, as part of the sale of its stake in the Texas facility to Mexico's Pemex, according to a source and document on the transaction.

MEXICO CITY/HOUSTON (Reuters) – Royal Dutch Shell will supply crude to the 340,000-barrel-per-day Deer Park refinery for at least 15 years, as part of the sale of its stake in the Texas facility to Mexico’s Pemex, according to a source and document on the transaction.

The handover, expected to happen on Thursday, will also include a labor agreement allowing Pemex to absorb most of the refinery’s employees for two years, the source and the document said.

(Reporting by Adriana Barrera and Gary McWilliams)

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