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Shell confirms Stanlow will be sold

5th February 2010

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OIL giant Royal Dutch Shell has confirmed plans, first flagged last summer, to sell its Stanlow site.The huge refinery near Ellesmere Port, Cheshire, is the Anglo-Dutch firm's last remaining UK refinery and produces a sixth of the country's petrol.Confirmation of the sale came as the company revealed lower fourth quarter profits and cut 1,000 jobs worldwide.Stanlow and other sites in Germany and Canada are being sold as Shell shifts its focus in this "downstream" part of the business to China and Asia.It is cutting 560,000 barrels......for the full story register now for free or login below...


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