A U.S. national security review has delayed the sale of Royal Dutch Shell’s (RDSa.L) controlling interest in a Texas refinery to Mexico’s national oil company, Petroleos Mexicanos (Pemex), Shell said on Tuesday. Shell in May disclosed the sale of its 50% interest in the 302,800-barrel-per-day (bpd) Deer Park, Texas, refinery outside Houston to partner Pemex for about $596 million. The closing was expected as early as Wednesday. Approval by the Committee on Foreign Investment in the United States (CFIUS) is the last hurdle to the transfer of full control of the Texas refinery to Pemex, said people familiar with the matter. “While we were hopeful we could conclude the sale of the Deer Park refinery earlier in the CFIUS review process, we’re still targeting late 2021 as a closing date for the transfer of Shell’s interest in the refinery,” Shell spokesperson Curtis Smith […]