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PBF to buy Shell's Martinez refinery for $1 billion
6/12/2019

Shell Oil has agreed to sell its Martinez, Calif., refinery to PBF Energy for up to $1 billion. The CEO of New Jersey-based PBF said it was getting a "world-class" facility at a fair price, while Shell cast the sale as part of a plan to "reshape efforts toward a smaller, smarter refining portfolio."

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