Shell signed an agreement for the sale of its 16.3 percent shareholding in Ceska Rafinerska to Unipetrol for the sum of $27.2 million. Ceska Rafinerska includes the Kralupy refinery and the Litvinov refinery, with a combined capacity of 177,000 barrels per day. Shell hopes to complete the sale in 2014.
Shell’s Retail, Lubricants and Aviation businesses are not impacted by this announcement. Shell has established long-term supply agreements to serve Shell’s retained businesses and to ensure that we will be able to continue serving our customers with high quality fuels and to the highest standards. Shell retains a strong Downstream presence in the Czech Republic.
The sale is consistent with Shell’s strategy to concentrate its global Downstream footprint and businesses where it can be most competitive. Recent examples include the sale of refineries in the UK and Germany.
Shell is committed to conducting its business in the Czech Republic with safety a priority.
About Shell
Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects.
About ČESKÁ RAFINÉRSKÁ
ČESKÁ RAFINÉRSKÁ, a.s. operates the refineries in Litvínov and Kralupy, which are the only refining facilities currently in operation in the Czech Republic, with a total throughput capacity of 8.7 million tonnes per annum. The company is managed by three partners: UNIPETROL, a.s., ENI International B.V., and Shell Overseas Investments B.V., which as at November 7th 2013 hold, respectively, 51.22%, 32.445% and 16.335% of the company's share capital.
About Unipetrol
Unipetrol is the leading refinery and petrochemical group in the Czech Republic and a major player in Central and Eastern Europe; since 2005 it has been part of Central Europe’s largest refining and petrochemical group, PKN ORLEN.
See the site of Kralupy refinery
See the site of Litvinov refinery