The agreement was announced not long after Mexican President Andres Manuel Lopez Obrador complained that the 28-year-old joint venture had not been good for Mexico. The decision comes after Shell Oil Co, a subsidiary of Royal Dutch Shell Plc, agreed to sell its controlling interest in Deer Park Refining to partner Mexican state oil company Petroleos Mexicanos, or Pemex. Petróleos Mexicanos (Pemex) ha perdido 150 lugares en el ranking Global 500 desde que inició la Cuarta Transformación. 245shares. 'tag' : 'Company_Mergers_Acquisitions_JVs,Employment', Pemex’s business record with both American and Mexican firms is abysmal. Royal Dutch Shell agreed to sell its controlling interest in a Texas refinery to partner Petroleos Mexicanos (Pemex) for about $596 million, the latest move by the European oil major to cut its global refining footprint. Deer Park's net loss this year — more than half the $596 million that Pemex agreed to pay for Shell's stake in the refinery — shows how the government's strategy to shed Mexico's . Found inside – Page 168to labor grievances), Mexico established Pemex, an arm of the government noted more for its featherbedding labor practices ... The deal involves Shell's upgrading its 225,000 bbl/day Deer Park (Texas) refinery to process 168 RICHARD KIY. US representative Brian Babin (R-Texas), who published a letter to the Committee on Foreign Investment in the . 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Shell Oil Company, a subsidiary of Royal Dutch Shell, agreed to sell its interest in the Deer Park, TX refinery to partner Petroleos Mexicanos (Pemex) for about $596 million. Simply put, Pemex does not have the executive, managerial, or technical talent to operate the Deer Park refinery safely. Found inside – Page 34This creates a measure of flexibility so that agreements between Pemex and foreign companies can allow some sharing of ... Shell Oil announced a joint venture with Pemex under which it would sell Pemex 50 percent of Shell's Deer Park, ... On May 24, 2021, Shell announced its plan to sell its interest in the Deer Park refinery to our joint venture partner, Pemex, pending regulatory approvals. Last month, Petróleos Mexicanos, commonly known as Pemex, surprised the energy industry with an announcement that it would be taking full control of the Deer Park refinery outside of Houston. Found inside – Page 75-5Pemex was negotiating a similar deal with Mobil for its Beaumont refinery . The Mexican company has been a partner in Shell's Deer Park , refinery for several years ( Fertecon North America Sulphur Service , 1998c ) . All quotes delayed a minimum of 15 minutes. Shell Oil Company, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its interest in Deer Park Refining Limited Partnership, a 50-50 joint venture between Shell Oil Company and P.M.I. When Pemex launched the Deer Park tie-up with Shell 28 years ago, transferring expertise was one of the main objectives, said two former Pemex specialists who worked on the venture. Mexico to buy Shell share of Texas refinery for $600 million. Read the full letter below or click here. Royal Dutch Shell has agreed to sell its 50% share of the Deer Park oil refinery near Houston, US, to Mexican state-owned petroleum company Pemex for just under $589 million (£415 million), pending regulatory approval. 'longevity' : 'News', Found inside – Page 9For example , PEMEX entered into a joint venture with the Dutch - owned Shell Oil Company in February this year , buying 50 percent of the latter's Deer Park oil refinery near Houston . This facility will be supplied by PEMEX's own ... Royal Dutch Shell (RDS.A +0.9%) agrees to sell its 50% stake in the Deer Park Refinery in Texas to joint venture partner Pemex for $596M in cash and debt plus hydrocarbon inventory. Amid numerous lawsuits and scandals, in 2017 Pemex reneged on a $230 million contract with another Texas firm, Loadmaster Universal Rigs, and subsequently refused to enter good-faith arbitration, jeopardizing the livelihoods of more than 2,000 Americans and hurting several dozen U.S. firms. “Above all, we remain committed to the wellbeing of our employees and will work closely with Pemex to ensure the continued prioritization of safe operations,” remarked Vigeveno. Let today's date be January 1, 2023. Norteamerica, S.A. De C.V., Shell reported in a written statement emailed to Rigzone. This makes Deer Park Refining, a Texas-based facility, the first foreign refinery that Pemex will own solely in its history. The transaction enables Pemex to gain full ownership of the refinery, subject to regulatory approvals. Deer Park Refining is a 50-50 joint venture between Shell Oil Company and P.M.I. Found inside – Page 66In 1992 it bought a 50 % stake in Royal Dutch Shell's Deer Park refinery in Texas , which now processes Pemex's heavy Maya crude . And Pemex allowed Valero Energy Corporation from Texas to win a $ 350m contract to build a petrol ... Notably, Texas-based Deer Park refinery is a joint venture, equally shared between Shell Oil Company and P.M.I. 1500 Pennsylvania Avenue, N.W. 'company' : 'Shell,Pemex', Found inside – Page 24The 12 - year Pemex veteran , who previously headed Pemex's planning group , was a supporter and “ sponsor " of the $ 1 billion deal with Houstonbased Shell Oil Co. to supply Shell's Deer Park refinery with Mexican crude oil . El presidente Andrés Manuel López Obrador informó que Pemex compró a la empresa Shell, por 600 millones de dólares y de contado, el 50% de las acciones restantes de la refinería Deer Park en Texas, Estados Unidos, con lo que México es dueño . Found inside – Page 38This process is already underway but more imaginative , lower cost , arrangements — such as the Pemex joint venture with Shell's Deer Park refinery in the US — will be required . Under this joint venture the two firms have invested in ... Notably, Texas-based Deer Park . 'content_type' : 'About the Industry', Found inside – Page 9533Shell Oil Company consolidated the Deer Park refinery joint venture between Shell Oil and Petroleos Mexicanos ( Pemex , the state oil company of Mexico ) for FRS reporting beginning with the 2008 reporting year , but Deer Park was not ... Share: Shell and Mexico's state-controlled oil firm Pemex have extended their US refining joint venture with a ten-year agreement for reduced Maya supply at a fixed price. Until Pemex demonstrates the level of technical knowledge and enthusiasm for good business practices required to operate this massive investment on American soil, I respectfully urge you to deny the sale of Shell’s interest in the Deer Park Refining Limited Partnership to Pemex and protect the American citizens you serve. Shell will continue to own and operate the co-located Deer Park Chemicals plant - just as Shell does today. }. Shell will continue to operate the adjacent petrochemicals facility. Shell accepts unsolicited offer from Pemex for Deer Park, TX refinery stake. Under the agreement . Found inside – Page 164In February of 1993 Shell announced a major joint refining venture with Petroleos Mexicanos ( Pemex ) involving Shell's refinery at Deer Park , Texas . Pemex investment in the refinery will enable the refinery to be substantially ... Our Standards: The Thomson Reuters Trust Principles. The deal makes the Deer Park, Texas, facility the first foreign refinery that Mexico's state-run oil company, known as Pemex, will own solely in its history. UPDATE 2-Shell to sell interest in Deer Park refinery to partner Pemex. On May 24, 2021, Shell announced its plan to sell its interest in the Deer Park refinery to our joint venture partner, Pemex, pending regulatory approvals. 'company_sentiment' : 'Neutral', Mexico's heavily indebted state oil company has reached a deal to buy Shell Oil Company's 50% share in the jointly-owned Deer Park oil refinery near Houston, Texas, for US $600 . The refinery is among the largest in the U.S. with a crude oil capacity of 340,000 barrels a day. This makes Deer Park Refining, a Texas-based facility, the first foreign refinery that Pemex will own solely in its history. 'published_date' : '2021-05-25', The deal makes the Deer Park, Texas, facility the first foreign refinery that Mexico's state-run oil company will . The base consideration for the deal is . The deal was inked in 1993, when Pemex paid $1 billion for a 50% stake in the now 340-Mb/d refinery located along the Houston Ship Channel about 20 miles east of Houston. The transaction covers the sale of Shell Oil Company's 50.005% stake in Deer Park Refining . In 2018, Congress passed the Foreign Investment Risk Review Modernization Act (FIRRMA) in response to emerging security risks associated with foreign state-owned enterprises gaining influence and control over entities within strategic sectors in the United States. Found insideThe ironic result was that Mexico exported crude oil to the United States and then imported gasoline from a refinery at Deer Park, near Houston. Pemex owned it jointly with Shell. In 2006 Pemex made a profit of $97 billion, ... Today Shell announced it is selling the Deer Park Refinery to Pemex while continuing to own and operate Deer Park Chemicals. Found inside – Page 775Pemex is negotiating with Shell Oil Co to acquire an interest in one of Shell's refineries at Deer Park TX . ( S ) Je 9 - C , 14 : 3 At the request of Mexico's President Carlos Salinas de Gortari , Petroleos Mexicanos , Mexico's huge ... According to Shell, the deal will enable the company to “focus its refining footprint while also maintaining integration optionality and retaining value through its Chemicals and Trading activities.” Moreover, the company pointed out that Deer Park employees will be assigned to either the refinery or chemical plant assets. The Mexican company said it plans to control and run the refinery after the deal is settled by late this year. Royal Dutch Shell agreed on Monday to sell its controlling interest in a Texas refinery to partner Petroleos Mexicanos (Pemex) for about $596 million, the latest move by the European oil major to cut its global refining footprint. Mexico will says it will buy Shell's 50% share in the jointly owned Deer Park refinery near Houston. Norteamerica, S.A. De C.V., a unit of Pemex. Found inside – Page 153The most important joint refinery operations are the US Deer Park refinery ( 216 000 b / d ) which Pemex and Shell own 50 / 50 and the German 80 000 b / d Reichstett - Vendenheim refinery where Shell owns 65 % of the assets . Found inside – Page 45It was announced in August 1992 that Pemex was acquiring half of Shell's Deer Park refinery near Houston . This refinery has been running a relatively light crude oil purchased from Mexico . Under the new arrangement , the companies ... The transaction covers the sale of Shell Oil Company's 50.005% stake in Deer Park Refining . Royal Dutch Shell (LON: RDSa)'s RDS.A subsidiary Shell Oil Company recently inked a deal to divest its 50% stake in Deer Park Refining Limited Partnership to Mexico's state oil monopoly Pemex. Shell and Pemex to coordinate a responsible handover of operations. var ssdl = ssdl || {} The two companies expanded it from a facility that . 'sector' : 'refining', HOUSTON/MEXICO CITY, May 24 (Reuters) - Royal Dutch Shell agreed to sell its controlling interest in a Texas refinery to . Found inside – Page 208In early 1993 , PEMEX and Shell Oil Company finalized a joint venture agreement to split ownership of Shell's 215,000 b / d refinery in Deer Park , Texas . 101 As part of the joint ownership agreement , PEMEX will sell the refinery a ... Source: Tank News International Shell is set to sell its 50.005 percent stake in the Deer Park Refinery in Texas, US, to its joint venture partner Pemex. Pemex buys Deer Park refinery from Shell; aims to self-sufficiency by 2023. To contact the author, email mveazey@rigzone.com. The role is accountable for safety, delivery of a functioning system that solves the problem or realizes the opportunity, cost, and schedule for assigned set of . Shell Oil Company, a subsidiary of Royal Dutch Shell, agreed to sell its interest in the Deer Park, TX refinery to partner Petroleos Mexicanos (Pemex) for about $596 million. “Shell did not plan to market its interest in the Deer Park refinery; however, following an unsolicited offer from Pemex, we have reached an agreement to transfer our interest in the partnership to them,” commented Shell Downstream Director Huibert Vigeveno. Found inside – Page 120... { N } Egullon Enterprises 1/98 Shell OH Shell ou Deer Park Ranning op PEMEX Testo Tegoro 5158 BHP Petroleum Chevron CheronTexaco Chevron 2 Fing Total Holdinga USAT Foodoo : sad source Roini sto st the bottom of tbis Eguro . Found inside – Page 133... the General Director of Pemex authorized PMI Comercio Internacional to develop the Strategic Alliances Project with Shell on the basis of a proposed joint venture in Deer Park refinery owned by Shell, as part of the long-term ... Pemex bought the remaining stake from Shell Oil Company, a subsidiary of Royal Dutch Shell plc, to completely take over the Deer Park refinery (Deer Park Refining Limited Partnership) for 596 million dollars.. An explanation to understand this transaction is in the following points: First point. Found inside – Page 419For example , Pemex and Shell each own 50 percent of the refinery in Deer Park , Texas , which is the sixth largest refinery in the United States . About 70 percent of the crude oil refined at Deer Park is imported from Mexico , and the ... The transaction will transfer Shell's interest in the . We're proud of our history and are committed to building our future alongside the community and Pemex. The transaction will transfer Shell's interest in the . “The review for downgrade of the Baa3 ratings further reflects Moody’s expectation that following the sale, Deer Park ratings will be driven predominantly by its standalone credit dynamics and the much-weaker credit profile of Pemex,” the agency said in a statement. The company added that products from the facility include gasoline, aviation fuels, diesel fuels, ship fuel, and petroleum coke. Shell also noted that Pemex will recognize the United Steelworkers and adopt the collective bargaining agreement with the union. Shell Oil Company, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its interest in Deer Park Refining Limited Partnership, a 50-50 joint venture between Shell Oil Company and P.M.I. This makes Deer Park Refining, a Texas-based facility, the first foreign refinery that Pemex will own solely in its history. Piden en EEUU no vender Deer Park a Pemex. Pemex bought the remaining stake from Shell Oil Company, a subsidiary of Royal Dutch Shell plc, to completely take over the Deer Park refinery (Deer Park Refining Limited Partnership) for 596 million dollars.. An explanation to understand this transaction is in the following points: First point. “We’re proud of our 90-plus year history as an operator and neighbor at Deer Park and we will continue to play an active role in the community.”. Found inside – Page 9533Shell Oil Company consolidated the Deer Park refinery joint venture between Shell Oil and Petroleos Mexicanos ( Pemex , the state oil company of Mexico ) for FRS reporting beginning with the 2008 reporting year , but Deer Park was not ... Since 1993, the refinery has been operated as a 50/50 joint venture between Pemex and Shell Oil Co. Congressman Brian Babin (TX-36) issued the following statement opposing the sale of Shell Oil’s refinery operations in Deer Park, Texas, to the Mexican state-owned petroleum company, Pemex: “Simply put, Pemex does not have the executive, managerial, or technical expertise to operate this state-of-the-art facility safely,” said Babin. HOUSTON/MEXICO CITY (Reuters) -Royal Dutch Shell agreed on Monday to sell its controlling interest in a Texas refinery to partner Petroleos Mexicanos (Pemex) for about $596 million, the latest move by the European oil major to cut its global refining footprint. 'author' : 'Matthew V Veazey', ssdl.editorialMetaData = { 'Country' : 'All', “For these reasons, I sent a letter to the regulatory body responsible for approving this sale, the Committee on Foreign Investment in the United States (CFIUS). Petroleos Mexicanos and Shell Oil Co. have signed a memorandum of understanding to form a joint refining venture involving Shell's 225,000 b/d Deer Park, Tex., refinery. High-risk sectors not only include defense, telecommunications, and new and emerging technologies, but also energy. This transaction creates a tangible public health and environmental risk to the Texas residents who work at and live in proximity to the Deer Park facility, as well as an economic risk to those with a stake in the financial well-being of the company. Shell Oil Co. has reached an agreement to sell its 50.005% interest in Deer Park Refining Limited Partnership to its joint venture partner P.M.I. According to a report issued by Houston-based Mexico Energy Intelligence™ (MEI 939), Pemex is not yet prepared to . Royal Dutch Shell's RDS.A subsidiary Shell Oil Company recently inked a deal to divest its 50% stake in Deer Park Refining Limited Partnership to Mexico's state oil monopoly Pemex. Found insideThe “energy reform” passed by Congress in 2008, made major changes in the corporate governance of PEMEX, ... PEMEX has co-invested in a refinery with Royal Dutch Shell, in Deer Park, Texas, from which gasoline processed with Mexican ... At its core, the CFIUS process is intended to protect American citizens from security risks in critical infrastructure sectors. Pemex buys 100 percent stake in refinery from Shell. Advertisement. WASHINGTON, DC – U.S. Mexico's state-owned company, Petroleos Mexicanos, Pemex, announced today it has acquired the Deer Park Refinery, located in Houston, Texas, from Royal Dutch Shell. Found inside – Page 16So far , the only substantive reform measures include a restructuring of Pemex's operations ( along with substantial ... Pemex also replaced some of its domestic shortfall by gaining a 50 - percent share in Shell Oil's Deer Park , Texas ... I write to express significant concerns with this transaction and urge the Committee on Foreign Investment in the United States (CFIUS) to initiate a full security review, including possible denial of this proposed sale. Companies within the American energy sector must adhere to the most stringent regulations to ensure safety and proper use, and I are not confident Pemex has the corporate wherewithal to operate such a facility in the United States. MEXICO CITY, May 27 (Reuters) - Moody’s Investors Service has cut the rating of Deer Park Refining Limited Partnership to “Baa3” from “Baa2”, the rating agency said late Thursday, while placing the stock on review for a further downgrade. "Shell did not plan to market its interest in the Deer Park refinery; however, following an unsolicited offer from Pemex, we have reached an agreement to transfer our interest in the partnership . Published date: 14 August 2018. THE HAGUE, Netherlands, May 24, 2021 /PRNewswire/ -- Shell Oil Company, a subsidiary of Royal Dutch Shell plc, has reached an . . The transaction will transfer Shell's interest in the partnership, and therefore full ownership of the . THE HAGUE, Netherlands, May 24, 2021 /PRNewswire/ -- Shell Oil Company, a subsidiary of Royal Dutch Shell plc, has reached an . Found insideSimilarly, Shell«s ownership of Deer Park is shared with Pemex, the national Mexican oil company and primarily utilizes Mexican crudes in its refinery runs. And Hovensa and the Lyondell-Citgo refinery efforts and how these fit with ... Norteamerica, S.A. De C.V. (a subsidiary of Petroleos Mexicanos, or Pemex). The decision comes after Shell Oil Co, a subsidiary of Royal Dutch Shell Plc, agreed to sell its controlling interest in Deer Park Refining to partner Mexican state oil company Petroleos Mexicanos . Shell Oil Company, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its interest in Deer Park Refining Limited Partnership, a 50-50 joint venture between Shell Oil Company and P.M.I. "Shell did not plan to market its interest in the Deer Park refinery; however, following an unsolicited offer from Pemex, we have reached an agreement to transfer our interest in the partnership . Shell Oil Company, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its interest in Deer Park Refining Limited Partnership, a 50-50 joint venture between Shell Oil Company and P.M.I. It noted the current estimated inventory value ranges from $250 million to $350 million. The transaction will transfer Shell's interest in the partnership, and therefore full ownership of the . THE HAGUE, Netherlands, May 24, 2021 /PRNewswire/ — Shell Oil Company, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its interest in Deer Park Refining Limited Partnership, a 50-50 joint venture between Shell Oil Company and P.M.I. Norteamerica, S.A. De C.V. (a subsidiary of Petroleos Mexicanos, or Pemex). HOUSTON/MEXICO CITY — Royal Dutch Shell agreed on Monday to sell its controlling interest in a Texas refinery to partner Petroleos Mexicanos (Pemex) for about $596 million, the latest move by the European oil major to cut its global refining footprint. Norteamerica, S.A. De C.V. (a subsidiary of Petroleos Mexicanos, or Pemex). Pemex. Found insideinternational market has cost PEMEX a lot; as a result, it has been more difficult to regain its market share35. ... Evidence of this are its associations with Shell in the Deer Park refinery in Texas and with Repsol in Spain. Norteamerica, S.A. De C.V., a unit of Pemex. Found inside – Page 11The Mexican state oil company ( PEMEX ) has acquired a share of the Shell Deer Park refinery with a capacity of 215 thousand barrels per day , which also was upgraded to run heavy - sour Mexican crude oils . • Three Countries Are Major ... The deal ends a 28-year partnership between Shell and Pemex . Found inside – Page 181However, Pemex remained Mexico's premier petroleum agency, with the exclusive right to receive first choice in selecting sites to ... The investment contract structure was partially designed under the Pemex–Shell Deer Park model, ... La sexta refinería más grande de los Estados Unidos, ubicada en Deer Park, Texas, fue adquirida en un 50 por ciento por Petróleos Mexicanos (Pemex), durante el gobierno del expresidente . Off-topic, inappropriate or insulting comments will be removed. Simply put, Pemex does not have the executive, managerial, or technical talent to operate the Deer Park refinery safely. Should this transaction proceed, Pemex would add a 50.005 percent stake to its current interest in the Deer Park Refining Limited Partnership, which is the entity that controls Shell Oil's Deer Park refinery. "Shell did not plan to market its interest in the Deer Park refinery; however, following an unsolicited offer from Pemex, we have reached an agreement to transfer our interest in the partnership . Found inside – Page 256... Mexico Shell has a three - year - old partnership between Pemex and its Deer Park Refining Company . Shell is assured a steady supply of crude oil , and Mexico is assured a market for that crude , along with a supply of high ... Not one of Pemex’s refineries in Mexico can compare to the state-of-the-art facility in Deer Park, and it is doubtful that Pemex can call on the experienced operations, compliance, and maintenance professionals necessary to safely manage an integrated refinery in the United States. Found inside-101 the market and offer contracts at $ 4 / m BTU . avoid lay - offs of any of Pemex ' 136,782 • Importation and sale ... a joint venture involving Shell's Deer Park , Ownership of gasoline stations ; contracts for any hydrocarbons . . Washington, D.C. 20585. CIUDAD DE MÉXICO, mayo 24 (EL UNIVERSAL).-. We expect to complete the sale by the end of 2021, and once this occurs . The Honorable Janet Yellen                          inked a deal to divest its 50% stake in Deer Park Refining Limited Partnership to Mexico's state oil monopoly Pemex. Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. Found inside – Page 300... Shell Oil Company and Petroleos Mexicanos ( PEMEX ) are involved in a joint venture wherein a 50 percent interest in Shell's Deer Park , Texas refining facility to a new corporation controlled indirectly by PEMEX . US lawmakers are working to stop Shell's sale of its majority stake in the 340,000 b/d Deer Park refinery in Texas to Pemex over concerns with the state-owned Mexican firm's track record and an alleged lack of technical expertise. U.S. Department of Treasury Shell's (RDS.A) Deer Park divestiture . The transaction will transfer Shell's interest in . The transaction will transfer Shell's interest in the partnership, and therefore full ownership of the refinery, to Pemex, subject to regulatory approvals. Petróleos Mexicanos (PEMEX) firmó un acuerdo para adquirir el 50.005% de la participación de Shell Oil Company de Deer Park, ubicada en Houston, Texas. 'industry_sector' : 'Downstream,Upstream', Should this transaction proceed, Pemex would add a 50.005 percent stake to its current interest in the Deer Park Refining Limited Partnership, which is the entity that controls Shell Oil’s Deer Park refinery. The deal makes the Deer Park, Texas, facility the first foreign refinery that Mexico's . Under the agreement . “Pemex has been our strong and active partner at the Deer Park Refinery for nearly 30 years, and we will continue to work with them in an integrated way, including through our on-site chemicals facility, which Shell will retain.”. THE HAGUE, Netherlands, May 24, 2021 /PRNewswire/ — Shell Oil Company, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its interest in Deer Park Refining Limited Partnership, a 50-50 joint venture between Shell Oil Company and P.M.I. Shell Oil Company, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its interest in Deer Park Refining Limited Partnership, a 50-50 joint venture between Shell Oil Company and P.M.I. Found inside – Page 27Pemex already has one such refinery , Deer Park , in Texas in which it is in association with Shell . Venezuela : A fire at Venezuela's biggest refinery , Amuay - Cardón , on 7 November injured 15 workers . The fire was the second major ... HOUSTON - Shell Oil Company, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its . Shell Oil Company, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its interest in Deer Park Refining Limited Partnership, a 50-50 joint venture between Shell Oil Company and P.M.I. 'Region' : 'All', The Mexican company said it plans to control and run the refinery after . The Project Engineer (Refinery) will provide project engineering leadership for a portfolio of Capital Projects (typically below $20 mln each) at the Deer Park Manufacturing Complex. Brian Babin, D.D.S. Member of Congress, Javascript must be enabled for the correct page display, Proudly Serving the 36th District of Texas. Located in located in Deer Park, Texas, US, the refinery has a crude oil capacity of 340,000 barrels per day. 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Sale by the end of 2021, and therefore full ownership of the local economic hardship due to mismanagement... Pemex, will buy Shell share of Texas refinery for $ 596 a letter to the Committee on Investment. Today & # x27 ; s interest in the U.S. subsidiary of Mexicanos. At venezuela 's biggest refinery, Amuay - Cardón, on 7 November 15... Be removed personnel remaining with Shell in the U.S. subsidiary of Royal Dutch Shell plc has! Shell en Texas RDS.A ) Deer Park Refining mostly used for internal consumption Page 256 Mexico! Pemex 's natural gas, now mostly used for internal consumption reported in a Texas to... Full capacity, Pemex has invested in Shell 's upgrading its 225,000 bbl/day Deer Park, Texas, refinery explained., Petroleos Mexicanos, or Pemex ) January 1, 2023 Treasury U.S. of. Unit shell deer park pemex Pemex was announced in August 1992 that Pemex was acquiring half of 's! 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