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 13:33 2018 Thursday ,13 December
Assad discusses Syrian constitutional committee with Russian delegation
GMT 22:24 2018 Monday ,01 January
BDF Commander-in-chief receives GCC chief
GMT 02:13 2017 Friday ,15 December
Government adopts intellectual approach to confront ISISGMT 20:49 2011 Tuesday ,03 May
Dollar rises versus euro
GMT 18:27 2017 Wednesday ,11 October
Iraq court orders arrest of Kurd vote organizers
GMT 17:14 2018 Wednesday ,05 September
Qatar intelligence case adjourned to September 26
GMT 19:18 2016 Monday ,21 November
UN Condemns Intense Air Assault in Syria's Aleppo
GMT 16:43 2017 Tuesday ,14 March
EU on track to hit its 2020 renewable energy target
GMT 15:10 2017 Monday ,26 June
For Chinese officials, Trump perhaps better the devil they don`t know
GMT 21:35 2017 Friday ,21 July
President Jokowi asks police to enforce law firmly
GMT 01:32 2017 Friday ,08 September
5 children drown as Rohingya boats sink off Bangladesh
GMT 12:19 2017 Thursday ,27 July
Yemen could witness a political solution in the near future
GMT 15:26 2017 Sunday ,13 August
Nouman reveals excesses of conference
GMT 07:20 2015 Thursday ,09 July
UN urges reopening of radio stations to curb rumors in Burundi
GMT 20:42 2017 Thursday ,22 June
British PM promises EU citizens can stay after Brexit
GMT 05:10 2017 Friday ,01 September
Premier congratulated by King’s brothers
GMT 18:30 2017 Saturday ,29 April
Jordanian Foreign Minister Meets Qatar's Ambassador
GMT 15:57 2017 Friday ,10 February
Morocco Ranks 48 in FIFA Rankings
GMT 21:13 2017 Friday ,24 November
Turkish Ambassador meets COAS
GMT 18:13 2017 Tuesday ,03 January
Trump aware of “urgency” of North Korea nuclear threat
GMT 15:08 2016 Monday ,21 March
German economy to slow down in second quarter
GMT 21:05 2016 Friday ,07 October
Kuwaiti emir due in Thailand on Saturday
GMT 01:29 2017 Thursday ,03 August
UAE launches domestic helpers insurance policy
GMT 13:42 2017 Thursday ,08 June
ECB raises growth forecasts for 2017 to 2019: Draghi
GMT 04:57 2017 Saturday ,13 May
Actress Suzanne Najm Al Din will participate in a world film
GMT 06:54 2017 Sunday ,15 October
Kurds, Iraqi forces in standoff as Baghdad sets deadline
GMT 08:11 2017 Tuesday ,21 November
Haifa Wahby apologized for not receiving award
GMT 04:00 2017 Thursday ,10 August
Morocco Guest of Honor at the African Cultural Dinner in Australia
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor