January 13, 2011 [Bloomberg] - Royal Dutch Shell Plc said it will convert parts of its Harburg oil refinery in northern Germany into a storage and handling terminal for oil products after failing to find a buyer for the facility.
The company is in talks with potential buyers about the sale of the site’s base oil production and related units, Shell’s German division said in a statement on its website yesterday.
The refinery, which is located in Hamburg, plans to operate under its current structure into the second quarter of 2012 and convert the assets it cannot sell over the course of next year, according to the statement.
