Economic Calendar

Tuesday, February 10, 2009

Shell Plans ‘Large’ Shutdown at Anacortes Refinery

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By Timothy Coulter and Nidaa Bakhsh

Feb. 10 (Bloomberg) -- Royal Dutch Shell Plc, Europe’s biggest oil company, said it’s planning a “large” shutdown for maintenance at its Anacortes oil refinery in the U.S. northwest.

The maintenance and repairs will last from late February to early April, and will reduce fuel production, Shell said in a statement on its Web site. The company will bring in additional supply to prevent shortages, according to the statement.

The Puget Sound refinery in Washington state has a capacity of 145,000 barrels a day, according to data compiled by Bloomberg.

The Shell shutdown follows a full halt for 30 days at Tesoro Corp.’s 121,000 barrel-a-day Anacortes refinery that began in mid-January.

About 1,400 contract workers will be at the Shell site during peak activity, the company said. The shutdown may result in extra flaring, or burning of gases into the air, Shell said.

Gasoline for March delivery on the New York Mercantile Exchange rose $1.18, or 1 percent, to $1.2589 a gallon at 7:41 a.m. London time.

To contact the reporter on this story: Nidaa Bakhsh in London at nbakhsh@bloomberg.net




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