(Alliance News) - Chevron Corp is leading the race to acquire a Royal Dutch Shell PLC oil refinery in the Pacific Northwest region of the US, Reuters reported late Friday.
The refinery, located in Anacortes, Washington, has been up for sale for at least a year, Reuters noted. The unit produces 145,000 barrels of crude per day.
Reuters added a deal is not guaranteed.
https://www.reuters.com/article/us-refinery-m-a-shell-chevron/chevron-eyes-deal-for-shell-oil-refinery-in-pacific-northwest-sources-idUSKBN2BI39S
The plant was initially owned by Texaco, which itself was acquired by Texaco in 2000. After being sold to Chevron, Texaco sold its stake in the refinery to Shell.
By Eric Cunha; ericcunha@alliancenews.com
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