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The Wall Street Journal: In Brief: Shell to Sell Refineries, Stake in Norway Project

August 3, 2007; Page A6

Royal Dutch Shell PLC agreed to sell three French refineries and its stake in a Norwegian oil-and-gas project for a total of about $2 billion, accelerating its profitable divestments.

The Anglo-Dutch oil major is selling two French refineries to Swiss refiner Petroplus Holdings AG for $475 million, plus working capital, and a third refinery to Dutch company Basell International Holdings BV for $700 million.

It also will sell its 28% interest in Norway’s Skarv and Idun development to German utility E.On AG for $893 million.

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1 Comment on “The Wall Street Journal: In Brief: Shell to Sell Refineries, Stake in Norway Project”

  1. #1 Michael Sole
    on Jan 7th, 2008 at 15:29

    I have the licenses to build a refinery in Nigeria (Lekki , Lagos State) and we are looking for a company that can take up this projet. The land is avalable, you just need to see the owner of the license and discuss your interest and you can go from there. Kindly let me know if you are interested, thank you.
    Michael Sole

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