Shell Looks for Geelong Refinery Buyer

Mining Weekly reported that oil company Shell wants to sell its Geelong refinery as part of its global strategy to focus on large-scale sites.

As quoted in the market news:

Shell said in a statement that if it was unsuccessful in finding a buyer for the Geelong refinery, the company would look at other options for the operation, including converting it into an import terminal.

Downstream VP Andrew Smith on Thursday acknowledged that the sales process would create a period of uncertainty for employees, but added that the company was committed to a timely sales process, providing support to shareholders during this period.

Click here to read the full Mining Weekly report.