A Shell Petrol Station along Nyerere Avenue, Mombasa. Photo/ ABDULRAHMAN SHERIFF
Daily Nation
By JEVANS NYABIAGE
Posted Tuesday, January 5 2010 at 19:00
Realignments are in the offing following reports that oil dealer Shell is planning to quit 20 African countries.
Local dealers who have a business relationship with the firm, confirmed to the Nation that Shell intends to sell its refinery, storage and retail businesses from nations where it still operates.
Ms Victoria Kaigai, Shell communications manager East Africa, confirmed that the firm is reviewing its global downstream business.
Like any competitive business, Shell actively manages its global portfolio and is always seeking opportunities to improve profitability. We continuously review our global downstream portfolio in line with our more upstream, profitable approach to capital allocation, said Ms Kaigai. read more
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