Sector News

Shell says in 'advanced discussions' on sale of Gabon operations

November 25, 2016

Royal Dutch Shell is in advanced discussions with a party interested in purchasing its onshore operations in Gabon, a company spokesman said on Friday.

Shell on Thursday informed its staff of the discussions, the spokesman said.

It put the assets up for sale as part of a $30 billion divestment programme after its acquisition of BG Group which was completed in February.

By Ron Bousso

Source: Reuters

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