Published: Jul 05, 2007
Seven years after to have sold to Agip part of its fuels distribution business in Brazil, Shell is planning to expand its market share from 11,5% to 15%, says president Vasco Dias, also pointing to the interest of the corporation to explore natural gas reserves.
In 2000 Shell divested 285 gasoline stations out of its 4,000 stations chain; the following year sold others 245 stations and shrunk operations. Currently it has 2,290 stations and is building again, while Vasco does not discards acquisitions.
Shell is to invest US$200mil in the fuels and lubes business in 2007, of this sum to erect infrastructure for biodiesel distribution. Also the company has stakes in 15 crude exploration concessions and actual crude production in the Campos basin where it has plans to reach 2010 with an output of 100,000 bpd, tripling the currently production.
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