No Impact to Cancel the Crude Shipments to Singapore

Source: Reuters 10/3/2011, Location: Asia

Royal Dutch Shell has not requested to cancel any crude shipments to its Singapore refinery from the Abu Dhabi National Oil Co, an ADNOC source said, following a fire at Shell's biggest refinery last week.

"We have called them and they told us no impact with regards to cancellation of cargoes," the ADNOC source said. Shell has cancelled the lifting of four million barrels of Saudi Arab Light crude for loading in October and is in the process of shutting down a chemical complex after the fire on Sept. 28 forced the closure of the company's Singapore refinery.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

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