US Court Rejects Bid to Block Sale of Texas Oil Refinery to Mexico’s Pemex

Owners of a Mt. Vernon, N.Y., coin-operated laundromat who filed the lawsuit, claimed the sale of Shell’s Texas oil refinery to Mexico’s Pemex would raise U.S. gasoline prices, harm their customers and reduce their profits.

Stefanie Eschenbacher, Reuters

A U.S. court on Jan. 6 tossed out a request from two laundromat owners to block Mexican state oil company Petroleos Mexicanos (Pemex) from acquiring majority control of a Texas oil refinery.

Royal Dutch Shell in May agreed to sell Pemex its majority stake in the 302,800 bbl/d Deer Park refinery outside Houston. The deal with Pemex, its long-time partner in the plant, was said to be worth about $596 million.

U.S. District Court Judge Lee Rosenthal denied requests for a temporary restraining order and expedited discovery filed by two businessmen who argued the sale would increase U.S. energy prices.

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