MEXICO CITY/HOUSTON – Royal Dutch Shell will supply crude to the 340,000-barrel-per-day Deer Park refinery for at least 15 years, as part of the sale of its stake in the Texas facility to Mexico’s Pemex, according to a source and document on the transaction.
The handover, expected to happen on Thursday, will also include a labor agreement allowing Pemex to absorb most of the refinery’s employees for two years, the source and the document said.
(Reporting by Adriana Barrera and Gary McWilliams)