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Shell Deer Park Texas refinery sale delayed pending CFIUS approval – company
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HOUSTON (Reuters) - Royal Dutch Shell Plc said on Tuesday a delay in approval from the federal Committee on Foreign Investment in the United States (CFIUS) has delayed the sale of its controlling interest in a joint-venture refinery in Deer Park, Texas, to partner Petroleos Mexicanos (Pemex).
HOUSTON (Reuters) – Royal Dutch Shell Plc said on Tuesday a delay in approval from the federal Committee on Foreign Investment in the United States (CFIUS) has delayed the sale of its controlling interest in a joint-venture refinery in Deer Park, Texas, to partner Petroleos Mexicanos (Pemex).
Shell is working with regulators to complete the sale by the end of this year, company spokesperson Curtis Smith said in an emailed statement.
(Reporting by Erwin Seba)
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