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Shell keeps Woodside sale in play

Screen Shot 2013-12-22 at 19.09.52OIL giant Royal Dutch Shell has confirmed it is considering the sale of its Australian fuel retailing and marketing assets, along with its Geelong refinery, as part of an accelerated campaign to raise $US15 billion ($17.1bn) from sales of its portfolio across the globe.

The admission, made in the company’s fourth-quarter profit report released last night, comes as new chief executive Ben van Beurden looks to quickly turn around what he sees as unacceptable capital efficiency operational performance and project delivery.

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