PBF Concludes Acquisition of Shell's Martinez Refinery for $1.2-Billion

摘要

Oakland—PBF Holding, a subsidiary of PBF Energy, has completed the purchase of Shell's Martinez refinery in California for $1.2-billion (PCN, 17 June 2019, p 3). The high-conversion refinery has a refining capacity of 157,000 b/d. The transaction also includes hydrocarbon inventory, crude oil supply and product offtake agreements.