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Shell to retain ownership of A/S Dansk Shell

January 11/2018

MOSCOW (MRC) -- Shell has announced that the agreement it signed with Dansk Olieselskab AS (DO) in September 2016 regarding the sale of A/S Dansk Shell, which consists of the Fredericia refinery and local trading and supply activities, has terminated and the sale will not complete, as per Hydrocarbonprocessing.

A/S Dansk Shell, including the refinery and local trading and supply activities, will remain under Shells ownership and continue business as usual.

Shell Groups USD30 B divestment program remains on track to complete in 2018, with deals worth USD23 B completed, USD2 B announced and USD5 B in advanced progress.

As MRC informed earlier, in late 2015, Shell PLC sold its Butagaz LPG business in France to DCC Energy for 464 million euros (USD512.78 million), following the approach made in May.

Royal Dutch Shell plc is an Anglo-Dutch multinational oil and gas company headquartered in The Hague, Netherlands and with its registered office in London, United Kingdom. It is the biggest company in the world in terms of revenue and one of the six oil and gas "supermajors". Shell is vertically integrated and is active in every area of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading.
Author:Margaret Volkova
Tags:crude and gaz condensate, petrochemistry, Shell.
Category:General News
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