Royal Dutch Shell Plc  .com Rotating Header Image

Chile

Shell Sells Chile Fuel Business to Quinenco for $614 Million

By Brian Swint – Apr 1, 2011 8:05 AM GMT+0100

Royal Dutch Shell Plc (RDSA) sold most of its fuel business in Chile to Quinenco for $614 million as it focuses on increasing global production.

The sale will cover Shell’s retail, commercial fuels, bitumen and chemicals businesses, the Hague-based company said in a statement today. The disposal is part of plans to operate in fewer and larger markets for the half of the business that brings fuel to consumers, it said.

Chief Executive Officer Peter Voser last month pledged $1 billion of extra cost cuts in refining and marketing as the company tries to accelerate output growth through 2014. Voser is targeting $5 billion in asset sales this year. read more

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.

Chile Enap Not In Running For Local Shell Assets-Minister

THE WALL STREET JOURNAL: Chile Enap Not In Running For Local Shell Assets-Minister

“Shell’s local business, meanwhile, has been the object of intense media speculation in the past weeks, as the company has retreated from several markets in the region and the rest of the world.

DOW JONES NEWSWIRES

August 31, 2004 1:15 p.m.

Posted 1 September 2004

SANTIAGO — Chilean state energy company Empresa Nacional de Petroleo (ENP.YY) isn’t in the running for Royal Dutch/Shell’s (RD) local assets, Mining Minister Alfonso Dulanto said Tuesday in a press conference.

The company’s joint buy – together with a closely held Peruvian conglomerate – of Shell ‘s distribution assets in Peru earlier this month stemmed from Enap’s search for an export market for its fuels, Dulanto said. read more

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.
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.