Shell sells gas business in Hong Kong and Macau
A Shell logo at a petrol station. The company is offloading its LPG
Hong Kong - Arab Today
Royal Dutch Shell on Wednesday announced the sale of its liquefied petroleum gas business in Hong Kong and Macau to the Irish group DCC Energy for US$150.3 million.
"This sale supports Shell’s strategic commitment to focus downstream activities on areas where we can be most competitive," said the 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 licence agreement with DCC Energy, ensuring that the Shell brand stays visible.
Source: The National
- Wednesday ,10 January GMT 06:32 2018 Singapore holds 17 men, seizes tanker over alleged Shell oil theft
- Thursday ,21 December GMT 13:11 2017 Iraq oil ministry starts taking over Majnoon oilfield operations
GMT 06:32 2018 Wednesday ,10 January
Singapore holds 17 men, seizes tanker over alleged Shell oil theftGMT 13:11 2017 Thursday ,21 December
Iraq oil ministry starts taking over Majnoon oilfield operationsGMT 15:09 2017 Wednesday ,29 November
Shell resumes all-cash dividend as oil price recoversGMT 09:19 2016 Wednesday ,04 May
Royal Dutch Shell profit slides on lower oil prices
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 09:16 2017 Wednesday ,13 December
Cape wearing tips
GMT 20:49 2017 Monday ,21 August
South Asia floods claim more than 750 lives
GMT 11:56 2017 Friday ,21 April
Sarraf receives Sleiman, Bangladesh Defense Minister
GMT 16:00 2017 Tuesday ,25 April
Saudi Cabinet throws its support for inter-Arab investments
GMT 19:06 2016 Saturday ,10 December
IOF Close Al-Nabi Saleh Village's Entrance
GMT 18:01 2017 Wednesday ,22 February
Abu Sayyaf ‘likely’ behind Vietnam freighter attack
GMT 06:41 2017 Sunday ,03 December
Hamas threatens 'intifada' over US moves on Jerusalem
GMT 17:50 2017 Friday ,30 June
Indonesia re-elected as member of ILO`s governing body
GMT 03:52 2017 Monday ,10 July
UN supports plan to stop child soldier recruitment in Somalia
GMT 16:17 2017 Saturday ,21 January
BMW 7 series crosses 5,000 unit mark in 2016
GMT 21:06 2017 Monday ,07 August
Album restores worldly sounds of 'Swinging Mogadishu'
GMT 12:17 2016 Wednesday ,24 February
United Technologies nixes Honeywell merger
GMT 11:21 2017 Thursday ,18 May
Actress Reham Hagag reveals her role in “Hassan Al Gharib’s Days”
GMT 23:37 2017 Monday ,31 July
Saudi Arabia sanctions Hezbollah member
GMT 05:45 2018 Saturday ,29 September
Abdullah bin Zayed hosts official reception in New York
GMT 14:03 2018 Thursday ,27 September
Palestinians don’t need a Washington office, they need good PR
GMT 04:12 2018 Friday ,12 January
Saudi-led coalition says Yemen rebels threat
GMT 11:18 2014 Monday ,22 December
Richard Ward adds to The Chelsea Collection
GMT 16:07 2017 Tuesday ,07 February
Colombia's ELN frees soldier before peace talks with government
GMT 21:20 2017 Monday ,06 February
UN resumes food air drops in Deir Ezzor
GMT 00:00 2017 Thursday ,09 March
Cairo contests Washington's report, says human rights in Egypt monitored by national organizations
GMT 06:39 2017 Wednesday ,08 March
Saudi king calls for unity in fight against terrorism on Indonesia trip
GMT 22:24 2017 Friday ,15 December
HRH Premier thanked by Cambodian counterpart
GMT 02:11 2017 Monday ,23 October
Oct24/Nov22
GMT 21:31 2017 Monday ,11 December
HM King congratulates Burkinabe President
GMT 20:22 2017 Monday ,23 October
EU deplores attack against police
GMT 13:38 2017 Saturday ,04 March
Polisario Increases its Provocations Against Morocco in Guerguerat
GMT 21:59 2017 Thursday ,30 March
Arab Monetary Fund Organizes 3rd Meeting of Arab Credit Information Committee
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