February 09, 2011 [Bloomberg] - Royal Dutch Shell Plc and BP Plc, Europe’s largest oil companies, plan to close and sell refineries in the U.S. and Germany on declining demand for fuels such as gasoline in developed nations.
BP plans to sell its 475,000 barrel-a-day Texas City refinery in Texas and its 266,000 barrel-a-day Carson plant in California, the London-based company said on Feb. 1.
Shell plans to stop oil-processing at its 110,000 barrel-a- day Hamburg facility in 2012 after failing to find a buyer, the company based in The Hague said on Jan. 12.
Following are two tables. The first lists refineries around the world that have shut, are slated for permanent closure or conversion, units idled for economic reasons, and those that are up for sale. The second shows refinery sales that have been agreed or completed since early 2010. Capacity is shown in thousands of barrels of oil a day.
FOR SALE, CLOSURE OR CONVERSION
Company Refinery Status Capacity
EUROPE
Petroplus Reichstett May stop oil 85
France processing in the
second quarter,
company said on
Feb. 3. Conversion
to terminal
announced Oct. 21.
Unipetrol Pardubice Nine-week shutdown 20
Paramo Czech Republic from Jan. 20 on
low profits.
Shell Hamburg Plans to convert 110
Germany site into terminal
in 2012, after
failing to find
buyer, company
said on Jan. 12.
OMV Arpechim Shut in June on 70
Romania weak demand. First
contacts with
possible buyers,
CEO said Nov. 19.
Tamoil Cremona Plans to convert to 95
Italy a storage facility
at the end of 2011,
company said Nov. 12.
Conoco Wilhelmshaven Production won’t be 260
Germany resumed, CEO said Oct.
27. Plans remain for
sale or conversion.
Conoco Humber Will consider selling 221
U.K. at “right price,”
CEO said Oct. 27.
Lyondell- Berre May sell unless 105
Basell France profits improve, CEO
said Sept. 16.
PKN Orlen Lietuva Under review because 200
Lithuania of low profitability,
company said Aug. 15.
Murphy Oil Milford Haven Up for sale, company 130
Wales said July 22.
Transaction expected
in first quarter 2011.
Total Lindsey Petroplus CEO said 221
U.K. April 22 company
makes non-binding
offer.
Total Dunkirk Conversion to 137
France terminal. Announced
in March 2010.
Chevron Pembroke Up for sale. 210
U.K. Announced in March
2010.
Petroplus Teesside Conversion to 117
U.K. terminal end-2009.
Total Gonfreville Crude unit shut in 173
France August 2009.
Shell Stanlow Up for sale. 233
U.K. Announced in August
2009.
NORTH/CENTRAL AMERICA
BP Texas City Up for sale, company 475
Texas said Feb. 1.
BP Carson Up for sale, company 266
California said Feb. 1.
Valero Aruba At full rates since 275
Jan. 31. Plant was
shut in July 2009 on
poor economics.
Company pursues sale
or joint venture.
Marathon 6 refineries To be spun off into 1,140
Marathon Petroleum,
company said Jan. 13.
Western Yorktown In process of 71
Virginia converting to
storage terminal,
company said Dec. 8.
Is also negotiating a
sale and deal may
occur in first or
second quarter.
Exxon Chalmette Some units will be 196
Louisiana stopped, company
said in August.
Murphy Oil Meraux Up for sale. 125
Louisiana Announced July 22.
Murphy Oil Superior Up for sale. 35
Wisconsin Announced July 22.
Chevron Kapolei Operations may be 54
Hawaii reduced, company
announced in March
2010.
Sunoco Eagle Point Shut on poor 150
New Jersey economics in
November 2009.
Possible conversion
to biofuels announced
in February 2010.
Alon Bakersfield Shut in January 2009 68
California after Big West went
bankrupt. Alon bought
the plant in February
2010 and said Jan. 28
it expects to start
production in June.
Western Bloomfield Shut in late 2009 on 17
New Mexico poor economics.
Operates as a
terminal.
Valero Corpus Christi FCC shut on economics 20
East, Texas in March 2009.
Shell Montreal Conversion to 130
Canada terminal after
operations ceased in
Oct. 2010.
ASIA PACIFIC
Showa Shell Keihin Permanent closure 120
Japan of Ogimachi crude
unit in September
2011.
JX Holdings* Negishi Permanent closure 70
Japan of a crude unit in
October 2010.
JX Holdings* Mizushima Permanent closure 110
Japan of crude unit 2 in
June 2010.
JX Holdings* Oita Permanent closure 24
Japan of crude unit 1 in
May 2010.
Fuji Oil Sodegaura Permanent closure 52
Japan of crude unit 1 in
November 2010.
Nihonkai Oil Toyama Conversion to 60
Japan terminal in March
2009.
CPC Corp. Kaohsiung FCC shut on 25
Taiwan economics in
February 2009.
*JX Holdings Inc. is the parent company of JX Nippon Oil &
Energy Corp., Japan’s largest refiner, and was formed in April
2010 after the merger of Nippon Oil Corp. and Nippon Mining
Holdings Inc.
COMPLETED OR AGREED SALES
Company Refinery Status Capacity
Ineos Grangemouth PetroChina buys 210
Scotland 50 percent stake.
Announced Jan. 31.
Ineos Lavera PetroChina buys 210
France 50 percent stake.
Announced Jan. 31.
Sunoco Toledo PBF Energy agrees 170
Ohio to buy on Dec. 2.
Shell Gothenburg Agreed sale to St1 78
Sweden Oy of Finland on Oct.
27.
Marathon St. Paul Park TPG Capital agrees 74
Minnesota to buy plant on
Oct. 6.
Valero Paulsboro PBF Energy agrees to 166
New Jersey buy on Sept. 27 for
$360 million.
Shell Heide Agreed sale to 91
Germany U.K.’s Klesch & Co.
on Aug. 20.
Valero Delaware City Sold to PBF Energy 190
Delaware in April 2010.
Shell Marsden Pt Shell sells 17% 109
New Zealand share to Infratil
and government
pension fund in
March 2010.
Ruhr Oel* Gelsenkirchen Russia’s Rosneft 266
Germany agrees to buy PDVSA’s
50 percent stake in
Ruhr Oel Oct. 15.
Ruhr Oel* Miro Russia’s Rosneft 311
Karlsruhe agrees to buy PDVSA’s
Germany 50 percent stake in
Ruhr Oel Oct. 15.
Ruhr Oel* Bayernoil Russia’s Rosneft 240
Neustadt agrees to buy PDVSA’s
Vohburg 50 percent stake in
Germany Ruhr Oel Oct. 15.
Ruhr Oel* PCK Russia’s Rosneft 226
Schwedt agrees to buys PDVSA’s
Germany 50 percent stake in
Ruhr Oel Oct. 15.
* Ruhr Oel, part owned by BP, has a 100 percent stake in the
Gelsenkirchen refinery and a 24 percent share in Miro’s
Karlsruhe plant. It also holds a 25 percent share in Bayernoil
and a 37.5 percent stake in the Schwedt facility. The sale was
announced on Oct. 15.
