Oil & Gas Journal (Houston): Shell sells its oil products business: "Royal Dutch Shell has signed a sale and purchase agreement and trademark license agreement with Rubis Group relating to the divestment of Shell's oil products businesses in the French Antilles and French Guyana.": Tuesday 13 September 2005

Offshore staff

(Guadeloupe, Martinique)-Royal Dutch Shell has signed a sale and purchase agreement and trademark license agreement with Rubis Group relating to the divestment of Shell's oil products businesses in the French Antilles and French Guyana.

The agreements relate to Shell's 24% interest in the SARA refinery in Martinique, a wholly-owned network of 54 retail service stations, distribution assets and facilities, commercial fuels, bitumen, aviation, lubricants, liquefied petroleum gas, and marine businesses geographically spread across the region.

The sale is subject to regulatory approvals and completion is expected by the end of 2005.

09/13/05

 

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