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Shell declared force majeure after fire

October 03/2011

(BBC) -- Shell has declared a force majeure on some of its customers after a fire shut down its refinery in Singapore last week. The fire affected its diesel fuel unit but forced Shell to shut its entire refinery, hurting its supplies. The declaration of Force Majeure excuses a company from contractual agreements when an extraordinary event occurs which is beyond its control. The refinery is Shell's biggest such operation globally. The refinery has a capacity of 500,000 barrels a day.


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