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Shell boss says refining assets still key despite weak profits

Screen Shot 2014-02-10 at 16.29.29Extracts from a Reuters article published 20 May 2014

LONDON (Reuters) – Royal Dutch Shell will hold on to its refining business despite shedding many underperforming downstream assets, its chief executive said on Tuesday. The global refining sector has suffered over the past year from weak profit margins due to rising capacity and increasing competition and Shell’s downstream business has been a drag on its 2013 and first quarter 2014 results.

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