Shell to sell operations in Finland and Sweden

Oct 27, 2010 12:00 AM

Royal Dutch Shell announced that it has agreed to sell the majority of its refining and marketing businesses in Finland and Sweden to Finnish firm Keele Oy for $ 640 mm.
Shell, which has its headquarters in The Hague, the Netherlands, said that the deal includes Shell's retail business, including some 340 service stations in Sweden and some 225 in Finland as well as its commercial road transport in both markets.

Also included is Shell's 87,000-bpd Gothenburg Refinery, Shell's bulk fuels business in both markets and the Shell marine business in Sweden.
Commenting on the deal Mark Williams, Royal Dutch Shell's Downstream Director, said: "This transaction is consistent with Shell's Downstream strategy to reduce net refining capacity by 15 %, to reduce our marketing footprint, and focus the portfolio on profitability and growth potential."

Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« October 2020 »
October
MoTuWeThFrSaSu
1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31

Register to announce Your Event

View All Events