RNU 5.68% 8.3¢ renascor resources limited

No I am talking world wide, have a careful read of the link you...

  1. 959 Posts.
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    No I am talking world wide, have a careful read of the link you sent me, they are transitioning to gas and energy > how do I know this because my best mate works for them and in one of the last refineries left that they own. ( a chemical refinery) > https://www.shell.com/business-customers/chemicals/manufacturing-locations.html

    They have some oil locations but they don't refine oil > https://www.shell.com/what-we-do/oil-and-natural-gas/shale-oil-and-gas.html

    They have sold all the refineries. I believe they have one left that refines oil. They find some oil and get other companies to refine and sell under shell brand.

    Their main concentration now is using Floating Liquid Gas Drill rigs that can be moved once they find a new source of LNG. They believe its much cheaper to be able to move the drill rig than to build the infrastructure over and over again on land.

    Even Mobil in Altona no longer refines
    Converting Altona refinery to the Mobil Melbourne terminal
    The Mobil Melbourne terminal will leverage existing refinery facilities and infrastructure to become one of the largest and most efficient fuel import and storage facilities in Australia.




 
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