Reuters reveals Royal Dutch Shell confirms delay in sale of Texas refinery to Mexico’s Pemex

Reuters broke the news that a sale of Royal Dutch Shell’s controlling interest in a Texas refinery to Mexican state oil company Pemex has been delayed until next year. Sources said a review of the deal by U.S. Committee on Foreign Investment in the United States had been expected to wrap up this month, but there have been additional delays. Shell in May disclosed an agreement to sell its 50% interest in the refinery to partner Pemex for about $596 million.