Sunday 16 May 2021

Shell sells assets totalling $2.5bn

Anglo-Dutch oil giant Shell is selling three refineries in France and stakes in two Norwegian oil and gas fields for a total $2.5bn, the company announced on Thursday. The sales still have to be approved by the relevant competition authorities.

Shell has been reorganising its refining activities for several years, reducing interests in less profitable countries and boosting investment in growth markets such as Asia.

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