Heavy Oil Investing News » Shell cancelled plans to construct refinery at Sarnia

Shell cancelled plans to construct refinery at Sarnia

July 15, 2008 @ 5:20 am In Heavy Oil Company News

Shell has cancelled plans to construct a new refinery at Sarnia due to rising constructions costs and weak market conditions.

Amrik Ahluwalia, Shell's general manager of manufacturing expansion, was quoted as saying:

This decision is a very difficult one for Shell and it is only taken after careful consideration.

For more information on this news, visit here ^[1]

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[1] here: http://www.canada.com/calgaryherald/news/calgarybusiness/story.html?id=8b01d453-6706-4d4e-9558-7b7cfc342321