LONDON | Thu Dec 1, 2011 6:32am EST
Dec 1 (Reuters) – Vivo Energy, the joint venture between the world’s biggest oil trader Vitol, Royal Dutch Shell and Helios Investment Partners, has started a fuel distribution business in Africa, the joint venture said in a news release on Thursday.
The joint venture was announced in February, when oil major Shell sold its African downstream business to Vitol and Helios.
Refined fuels will be distributed via Vivo Energy, in which Vitol and Helios each own 40 percent. Shell holds the remaining 20 percent.