Shell looking to cut costs, sell Malaysia refinery

With Asian refining profits remaining weak because of still-depressed demand for oil products, Royal Dutch/Shell is looking to sell its 45,000 b/d refinery at Lutong, Malaysia, in order to cut costs.The news came just as Shell announced completion of an upgrade at its larger, more complex refinery at Port Dickson, Malaysia. The capacity of this plant was expanded to 155,000 b/d from 105,000 b/d, and a 6,000 b/d atmospheric resid FCC unit was added.Megat Zaharuddin Megat Mohd Nor, chairman and CEO of Shell Malaysia, says Shell has been in discussions with potential buyers for the Lutong refinery. If the right price is offered, Shell will sell the plant, he said.Shell hopes to buy refined p...

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