AFX Asia (Focus): Shell, Turcas in retail venture in Turkey
“In a statement, Shell said it will own a 70 pct stake in the joint venture, while Turcas will hold the remaining 30 pct.”
Posted Thursday 29 September 2005
LONDON (AFX) – Royal Dutch Shell PLC and Turkish oil group Turcas Petrol AS have signed an agreement to market and distribute fuels and lubricants in Turkey.
In a statement, Shell said it will own a 70 pct stake in the joint venture, while Turcas will hold the remaining 30 pct.
Other details of the deal, including the assets and services to be contributed by each partner to the joint venture, have yet to be sorted out.
“Shell and Turcas are hopeful that this will be resolved in the next 2-3 months,” said Shell.
*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, the Independent Shell Archive, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All conjured up by internet wizz, Nick Gill.
