(BNamericas.com) – Brazil's federal energy company Petrobras (NYSE: PBR) has bought the downstream operations of Anglo-Dutch oil company Shell (NYSE: RDS-B) in neighboring Paraguay for an unspecified amount, Petrobras said in a statement. The transaction covers Shell's fuel commercial and retail operations including service stations, liquefied petroleum gas (LPG) outlets and outlets for the sale of aviation fuel in Paraguayan airports, Petrobras said.
The company will keep Shell's Paraguayan staff and the takeover will be complete in 18 months, Petrobras said.
Petrobras said that the acquisition is in line with its expansion strategy in South America. Chile is now the only country in which Petrobras is not directly operating. – (BNamericas.com)
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SHELL PROPPED UP APARTHEID
ARTICLE: U.S. unions urge boycott of Shell to fight apartheid: 19 Jan 1986
ARTICLE: Shell, South Africa and Apartheid: 16 Oct 2012
ARTICLE: Shell propped up racist apartheid regime in South Africa: 24 Nov 2012
ARTICLE: The Neptune Strategy:Shell, propped up Apartheid in South Africa: 26 Nov 2012
ARTICLE: Shell accused of benefiting from South African apartheid-era land law: 21 March 2013
ARTICLE: THE CAMPAIGN TO END APARTHEID: 12 Dec 2013
RELEVANT PAGES FROM "A HISTORY OF ROYAL DUTCH SHELL, VOLUME 3, PUBLISHED IN 2007. PREPARED BY SHELL'S PAID HISTORIANS. DEALS WITH SHELL'S SUPPORT FOR APARTHEID
SHELL TOXIC BRANDS
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