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Abu Dhabi, Vitol buy Royal Dutch assets for USD2.2b  Join our daily free Newsletter

MENAFN - 19/02/2014

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(MENAFN) Dutch-owned oil trader Vitol and the Abu Dhabi Investment Council has purchased Royal Dutch Shell's downstream Australian assets for USD2.2 billion, Arabian Business reported.

The Australian Financial Review said that the efforts of Australia's Macquarie Group and its partner Glencore Xstrata to buy the assets were unsuccessful.

Shell has been planning to sell the business as part of a worldwide divestment program under worth around USD15 billion.

The assets sold include a refinery, import terminals and 900 service stations.

 






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