Pernis refinery, Rotterdam
Miro stake left on Shell’s European refining to-do list
The major has sold two assets and will futureproof two others, meaning only its share in the German JV remains for divestment
“For refining, it is about repurposing for the energy parks of the future,” says Ben van Beurden, CEO of Shell. The firm wants to concentrate on just five core energy and chemicals parks by the end of the decade and will already have reduced its portfolio to eight once two agreed sales are completed. In Europe, that leaves just its share in the 310,000bl/d Miro refinery in Karlsruhe, southwest Germany, on the block. Shell agreed to sell its 37.5pc stake in the Schwedt refinery, also in Germany, to the Austrian oil trading arm of Baltic Sea tank storage firm Liwathon in July last year, only for Russia’s Rosneft to pre-empt the sale and increase its stake in Schwedt from less than 55pc to more
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
