Shell to sell off European LPG assets

03/1/2010 | Financial Times (tiered subscription model)

Royal Dutch Shell is to sell off a raft of assets, including its European liquefied petroleum gas business and fields, to fund a $28 billion spending program. Bids have been invited on assets including North Sea and Nigerian oil and gas fields and European refining and marketing operations. The company also expects to raise around $1.35 billion from the sale of its French LPG wing, which supplies bottled gas for homes and caravans.

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