Royal Dutch Shell Plc  .com Rotating Header Image

Glencore interested in buying Shell assets in Nigeria

Extracts from a Reuters report by Silvia Antonioli published Tuesday 4 March 2014

Screen Shot 2013-12-22 at 19.09.52(Reuters) – Commodity trader and miner Glencore (GLEN.L) confirmed on Tuesday its interest in buying oil assets that oil major Shell (RDSa.L) is selling in Nigeria. A source said last month that Glencore and commodity trading house Mercuria were among the short-listed consortiums expected to make final bids on Nigerian energy assets worth around $3 billion that Shell and another two oil majors are selling. Together with Macquarie Group Glencore had also made an unsuccessful attempt to buy Shell’s downstream Australian assets, which were then sold to oil trader Vitol and the Abu Dhabi Investment Council for about A$2.4 billion ($2.2 billion) last month.

FULL ARTICLE

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.