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The New York Times: Shell Considers Selling Dominican Assets

By THE ASSOCIATED PRESS

SANTO DOMINGO, Dominican Republic (AP) — Royal Dutch Shell PLC will consider selling its Dominican assets, including a 50 percent stake in the Caribbean nation’s sole oil refinery, the company said Saturday.

The Anglo-Dutch company administers 137 service stations and maintains fuel distribution equipment and facilities in the country of about 9 million, in which it has operated for nearly 80 years.

”Shell will initiate a process of evaluation and revision of its complete business portfolio in order to determine if the interest shown will add value for the company’s shareholders,” the company’s Dominican representative, Rafael Maradiaga, said in a statement.

He said ”no final decision has been made.”

The company did not name any potential buyers, but said it had received interest.

Shell announced the sale of some assets in the United States and several countries in the south Pacific in recent days, saying the company is, ”focusing its portfolio toward fewer, larger-scale businesses.”

French oil distributor Rubis SA also said this week it is in talks to buy Shell’s marketing business interests in the North Atlantic island of Bermuda.

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