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Shell's US$2.3b write-off is good governance

But it also implies bleak outlook for oil refineries
Friday, May 9, 2014 - 06:00

[SINGAPORE] Shell's US$2.3 billion write-off of some refinery assets - mostly for its Singapore Bukom refinery and basically an accounting move - "reflects good corporate governance" by the super major, "but it also implies that the outlook for oil refineries is pretty bleak", said an industry