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Flint Hills subsidiary to buy Shell's stake in Excel Paralubes. (Company/Industry News).(Excel Paralubes venture)(Brief Article)

Lubricants World

| May 01, 2003 | COPYRIGHT 2003 Access Intelligence, LLC. (Hide copyright information)Copyright

Shell Oil Company and Flint Hills Resources have entered into a definitive agreement under which a Flint Hills Resources, LLC subsidiary will purchase Shell's 50 percent ownership interest in the Excel Paralubes venture. Terms of the sale were not released and it must be approved by the Federal Trade Commission before it can close.

Shell acquired its interest in Excel Paralubes last year when it bought the Pennzoil-Quaker State Company At that time, the company entered into a consent order …

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