Business Recorder - Markets - Energy https://www.brecorder.com/ Business Recorder en-Us Copyright 2026 Thu, 13 Aug 2026 23:59:12 +0500 Thu, 13 Aug 2026 23:59:12 +0500 60 Shell agrees to sell African downstream assets for $1billion https://www.brecorder.com/news/3874/shell-agrees-to-sell-african-downstream-assets-for-1billion <p class="MsoPlainText"><img style="margin-right: 10px; margin-bottom: 10px; float: left;" src="https://i.brecorder.com/images/stories/flexisf/ShellPumpAfter-400.jpg" width="400" height="233" />LONDON: Anglo-Dutch energy giant Shell said Monday it agreed to sell most of its African downstream activities to Swiss group Vitol and Africa-based Helios Investment Partners for $1 billion (740 million euros).</p> <p class="MsoPlainText">"Shell today announced it has agreed to divest the majority of its shareholding in most of its downstream businesses in Africa to Vitol and Helio.</p> <p><center><b><i>Copyright AFP (Agence France-Presse), 2011</i></b><i></i></center></p> LONDON: Anglo-Dutch energy giant Shell said Monday it agreed to sell most of its African downstream activities to Swiss group Vitol and Africa-based Helios Investment Partners for $1 billion (740 million euros).

"Shell today announced it has agreed to divest the majority of its shareholding in most of its downstream businesses in Africa to Vitol and Helio.

Copyright AFP (Agence France-Presse), 2011

]]> Markets https://www.brecorder.com/news/3874 Mon, 21 Feb 2011 08:19:45 +0500 none@none.com (Syed Murtaza Gheblehzadeh)