Pemex, a petroleum company, completed the acquisition of Deer Park Refining, an oil refinery, from Royal Dutch Shell, an oil and gas company, for $596m. "The completion of this sale marks the start of a new chapter of our history in Deer Park as we've worked closely with Pemex over the past few months to ensure a safe and responsible handover of operations for the refinery. The team at Deer Park has been instrumental not only in preparing the asset for Pemex operations, but also in continuing a legacy of safety and performance that dates back 92 years. We look forward to remaining a neighbour in the Deer Park community and growing our chemicals business to best meet the needs of our customers while advancing our global energy and chemicals park strategy," Huibert Vigeveno, Shell Director.