Royal Dutch Shell Group .com Rotating Header Image

Australia: Shell sells local assets for $2.4bn: report

THE AUSTRALIAN: FEBRUARY 19, 2014

Screen Shot 2013-12-22 at 19.09.52ROYAL Dutch Shell has sold its downstream assets in Australia, including petrol stations and its Geelong refinery to Vitol for an estimated $2.4 billion, Fairfax Media reports. Last month, Shell sold stakes in a gas project in Western Australia for $1.14 billion as part of the oil company’s drive to improve its return on investment. It is understood Vitol, the world’s largest oil trader, plans to shut down Shell’s Geelong refinery…

FULL ARTICLE

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Comments are closed.