LONDON, Sept 6 (Reuters) – Royal Dutch Shell (RDSa.L: Quote) has been in exclusive talks with Finnish fuel distributor St1 to sell its downstream business in Finland and Sweden, the oil major said on Monday.
“It is about selling our downstream business in Sweden and Finland, and it includes the Gothenburg refinery in Sweden,” a Shell spokesman said.
The Gothenburg refinery can process about 78,000 barrels of crude oil per day.
St1 is privately held and runs petrol stations across Scandinavia.
The oil major has been looking for buyers for other refineries in Europe as a part of its plan to divest about 15 percent of its refining assets.
(Reporting by Ikuko Kurahone, editing by Jane Baird)
� Thomson Reuters 2010 All rights reserved
shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.
0 Comments on “Shell in talks to sell Finnish, Swedish operations”
Leave a Comment