BRIEF-Shell To Sell Its Downstream Business In Argentina To Raízen
Apr 24th, 2018
by John Donovan.


Reuters Staff: APRIL 24, 2018
April 24 (Reuters) – Royal Dutch Shell PLC:
* SHELL – SHELL TO SELL ITS DOWNSTREAM BUSINESS IN ARGENTINA TO RAÍZEN
* SHELL – SALE INCLUDES BUENOS AIRES REFINERY, AROUND 645 RETAIL STATIONS, LPG, MARINE FUELS, AVIATION FUELS, BITUMEN, CHEMICALS AND LUBRICANTS BUSINESSES
* SHELL – SALE DOES NOT INCLUDE SHELL’S UPSTREAM INTERESTS IN THE VACA MUERTA SHALE FORMATION
* SHELL – BUSINESSES ACQUIRED BY RAÍZEN WILL CONTINUE RELATIONSHIPS WITH SHELL THROUGH COMMERCIAL AGREEMENTS, REPRESENTING ESTIMATED VALUE OF $0.3 BILLION.
* SHELL SAYS “SEES SUBSTANTIAL LONG-TERM GROWTH POTENTIAL IN ARGENTINA’S SHALE RESOURCES” Source text (go.shell.com/2qUesxW) Further company coverage:
SOURCE
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Posted in: Reuters, Royal Dutch Shell Plc, Shell.
Tagged: Argentina · Royal Dutch Shell Plc · Shell