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Bloomberg: Shell Shuffling Ethiopia Management; Has No Plans to Withdraw

 By Jason McLure

Oct. 23 (Bloomberg) — Royal Dutch Shell Plc said it has no plans to sell its assets and withdraw from Ethiopia.

The company has informed local staff that they will fall under “different Shell management, but will still remain part of Shell Oil Products Africa,” the company said in an e-mailed statement today in the capital, Addis Ababa.

Addis Fortune reported yesterday that Shell planned to sell its gas stations and distribution properties in Ethiopia and withdraw from the country.

To contact the reporter on this story: Jason McLure in Addis Ababa via Johannesburg at [email protected] .

Last Updated: October 23, 2007 07:49 EDT

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