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Shell’s departure from Denmark’s refining business canceled

Shell says operations at a refinery in Denmark will continue under its logo after a 2016 agreement terminated without a sale. File photo by akiyoko/Shutterstock.

By Daniel J. Graeber  |  Jan. 2, 2018 at 7:20 AM

Jan. 2 (UPI) — A $30 billion divestment program will be completed this year even after an agreement to sell a Danish subsidiary dissolved, Royal Dutch Shell said Tuesday. Shell said an agreement signed in late 2016 with refiner Dansk Olieselskab terminated without the sale completing and operations would continue as usual under the Dutch supermajor’s banner. “Shell Group’s $30 billion divestment program remains on track to complete in 2018, with deals worth $23 billion completed, $2 billion announced and $5 billion in advanced progress,” the company said in a statement. FULL ARTICLE

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