Tuesday, 17 October 2017 11:26 GMT
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Abu Dhabi, Vitol buy Royal Dutch assets for USD2.2b

(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
Abu Dhabi, Vitol buy Royal Dutch assets for USD2.2b