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Royal Dutch Shell close to selling North Sea and Gabon assets

by: Andrew Ward, Energy Editor

Royal Dutch Shell is closing in on asset sales in the North Sea and Gabon that will increase confidence that its $30bn asset disposal programme is gaining momentum.

The Anglo-Dutch energy group announced on Monday that it had completed the $1.4bn exit from its Japanese refining joint venture, Showa Shell, locking in an important part of the $5bn of divestments agreed so far.

However, the potential deals in the North Sea and Gabon pose a bigger test for Shell…


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