Sunoco to Sell Yabucoa Refinery. (Global Report on North America).(to Shell Chemical)(Brief...

Puerto Rico -- Philadelphia-based Sunoco, Inc., has signed a letter of intent to sell its Yabucoa, Puerto Rico refinery to Houston-based Shell Chemical, or its designated affiliate company. The parties expect to sign a definitive agreement and close by year-end.

Prior to the final closing, the parties intended to enter into a toll-processing agreement under which the refinery, which had been in shutdown mode since early July, will be restarted.

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