Shell sells Hong Kong, Macau energy assets
Royal Dutch Shell has announced the sale of its liquefied petroleum gas business in Hong Kong
London - AFP
Royal Dutch Shell on Wednesday announced the sale of its liquefied petroleum gas business in Hong Kong and Macau to Irish group DCC Energy for US$150.3 million (141 million euros).
"This sale supports Shell's strategic commitment to focus downstream activities on areas where we can be most competitive," said Shell Downstream Director John Abbott.
"This is one of the last of our wholly owned LPG businesses and this sale is another step in Shell's ongoing portfolio optimisation strategy to deliver $30 billion of divestments between 2016 and 2018."
Shell stressed that Hong Kong and Macau would remain "important markets for Shell", adding that as part of the sale, the Anglo-Dutch group would enter into a long-term brand license agreement with DCC Energy, ensuring that the Shell brand stays visible.
source: AFP
- Sunday ,18 November GMT 09:34 2018 US, Japan, Australia, NZ to bring electricity to Papua New Guinea
GMT 12:00 2018 Wednesday ,28 November
6th Gulf Intelligence Oman Energy Forum opensGMT 13:32 2018 Thursday ,22 November
Russia's Sovcomflot considers acquiring LNG-fueled shipsGMT 08:21 2018 Monday ,19 November
Russia expects new joint energy projects with VietnamGMT 09:34 2018 Sunday ,18 November
US, Japan, Australia, NZ to bring electricity to Papua New GuineaGMT 13:27 2018 Wednesday ,17 October
Russia ready to revive energy dialogue with European UnionGMT 23:11 2018 Thursday ,11 October
GCC renewable energy discussed in KuwaitGMT 18:00 2018 Thursday ,11 October
Strategic nuclear forces’ drills held in RussiaGMT 10:47 2018 Wednesday ,10 October
Egypt can generate up to 53% of power sources by 2050
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 13:38 2018 Thursday ,13 December
Maduro says meeting with Putin most useful in his career
GMT 06:16 2017 Tuesday ,07 March
Malaysia PM says citizens 'effectively hostages' in N. Korea
GMT 02:04 2017 Sunday ,22 October
June22nd-July23rd
GMT 05:00 2017 Monday ,03 July
Qatar Airways bags Airline of the Year at Skytrax awards 2017
GMT 17:35 2017 Tuesday ,18 April
Saudi air force helicopter crashes, killing 12
GMT 18:42 2017 Tuesday ,23 May
GCC Unified Agreements on Selective Tax and Value Added Tax
GMT 22:10 2017 Monday ,07 August
26 killed in Punjab rainstorm
GMT 07:45 2017 Saturday ,19 August
Sudanese and Ethiopian Ministers discuss cooperation
GMT 14:25 2017 Tuesday ,21 March
Libyan army launches new military operation to liberate southern
GMT 20:11 2017 Friday ,20 January
Russia, Syria ink agreement to expand Tartus port
GMT 10:04 2017 Friday ,06 October
Rowida Atteiya bets on success of her new song
GMT 08:42 2017 Thursday ,27 April
HM King hails Spanish ties
GMT 09:05 2018 Sunday ,21 January
'Outskirts' Dawn' outstanding achievement
GMT 21:53 2015 Thursday ,03 September
Israel recovers ancient sarcophagus hidden by contractors
GMT 15:50 2018 Wednesday ,03 January
Russian military helicopter crashes in Syria, 2 pilots die
GMT 11:18 2018 Monday ,01 January
Maiduguri suicide attacks condemned
GMT 02:29 2016 Wednesday ,16 November
Iraqi Forces advance in Mosul offensive against Daesh
GMT 08:11 2017 Friday ,22 December
Discovery of neutron star collision is 'breakthrough' of 2017
GMT 06:49 2017 Thursday ,21 December
Johnson to make first visit to Russia by UK minister in 5 years
GMT 03:40 2017 Sunday ,16 April
Egypt lawyer appeals court ruling backing islands transfer to Saudi Arabia
GMT 08:25 2017 Friday ,24 March
Smartphone maker Samsung backs away from planned split
GMT 18:52 2016 Tuesday ,15 November
New chief of staff: Trump ready to lead
GMT 23:27 2017 Sunday ,30 April
Woman shot by police in London terrorism swoop arrested after being freed from hospital
GMT 16:07 2017 Sunday ,05 March
Jordan's Regent Meets French Special Operations Commander
GMT 00:08 2017 Thursday ,12 October
Quake of magnitude 6.3 strikes near Solomon Islands USGS
GMT 07:36 2017 Friday ,14 April
Egypt says second church bomber identified
GMT 23:39 2017 Wednesday ,08 March
FM Shoukry confirms Egypt's rejection of idea of refugee camps for migrants
GMT 12:17 2017 Friday ,17 February
Japan, US, S. Korea Foreign Ministers Plan to Meet Thursday
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor