Shell Deer Park Texas refinery sale delayed pending CFIUS approval – company

Reuters

HOUSTON – Royal Dutch Shell Plc said on Tuesday a delay in approval from the federal Committee on Foreign Investment in the United States (CFIUS) has delayed the sale of its controlling interest in a joint-venture refinery in Deer Park, Texas, to partner Petroleos Mexicanos (Pemex).

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Shell is working with regulators to complete the sale by the end of this year, company spokesperson Curtis Smith said in an emailed statement.

(Reporting by Erwin Seba)

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