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 06:34 2017 Thursday ,20 April
Jadwa Investment launches Jadwa REIT Al-Haramain Fund
GMT 16:11 2018 Friday ,07 December
Iraqi singer Kadim Al Sahir returns to Dubai Opera stage
GMT 07:05 2016 Tuesday ,13 December
AWO denounces Boutroseya Church suicide attack
GMT 03:55 2017 Thursday ,23 February
Abdullah bin Zayed meets Irish Minister for Education and Skills
GMT 11:10 2018 Tuesday ,02 January
Hariri cables Sisi, condemns terrorist attack on Coptic Church
GMT 08:19 2016 Tuesday ,02 February
US raps China on Hong Kong booksellers
GMT 17:02 2017 Monday ,13 March
Car bomb blast kills 6 near hotel in Somalia's capital
GMT 11:03 2017 Wednesday ,20 December
Mascherano close to China move: reports
GMT 08:47 2017 Friday ,13 October
EEG panel ponders 'five Ps' with regard to sustainability
GMT 12:55 2017 Thursday ,27 April
Spring, warm weather forecast over weekend
GMT 06:22 2017 Saturday ,08 April
Swedish police suspect that arrested man in truck attack is driver
GMT 21:27 2017 Sunday ,30 April
Sharjah Book Authority and National Library of Serbia
GMT 00:29 2017 Sunday ,10 December
Egypt's Sisi orders army to restore Sinai security in 3 months
GMT 10:30 2017 Thursday ,06 April
Parliament chairman receives Portuguese Ambassador in Tunisia
GMT 10:15 2017 Friday ,12 May
Aadhaar mandatory to avoid fake PAN cards: Indian Government tells Supreme Court
GMT 09:47 2017 Saturday ,29 April
S&P retains negative outlook rating for UK over Brexit
GMT 05:27 2017 Wednesday ,29 March
Snap surges after IPO banks give flurry of ‘buy’ ratings
GMT 16:18 2017 Wednesday ,12 April
France’s Fillon rejects new revelations
GMT 21:10 2017 Friday ,11 August
Burundi massacre victim rebuilds life through sport
GMT 06:58 2017 Tuesday ,05 December
'Star Wars' sisters hail girl-powered galaxy
GMT 03:19 2017 Tuesday ,05 December
Elections Workshop lays ground for new stage for construction of Sudan
GMT 09:44 2017 Tuesday ,19 September
Hakim reveals reasons for issuing single songs
GMT 04:06 2015 Thursday ,12 March
Pope Tawadros II meets delegation of military attaché association
GMT 20:47 2017 Monday ,20 February
Power breakfast for all-day energy
GMT 23:16 2017 Sunday ,19 February
Crunch Trump ban hearing: Judges consider decision
GMT 18:38 2017 Wednesday ,08 February
Suspect gets 30 years in Florida mosque fire
GMT 08:17 2017 Friday ,12 May
Russia blocks China's social media app WeChat
GMT 18:26 2017 Sunday ,26 February
Dead, injured in raids in Idlib countryside
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