Quinenco to buy Shell's Chilean businesses

By OGJ editors
HOUSTON, Apr. 4
-- Royal Dutch Shell PLC agreed to sell most of its downstream business in Chile to conglomerate Quinenco for $614 million.

The proposed sale covers all Shell’s existing retail, commercial fuels, bitumen, and chemicals businesses in addition to related supply and distribution infrastructure in Chile.

Shell previously announced plans to concentrate its global downstream assets into fewer, large markets. The retail network of about 300 sites in Chile will continue to be Shell-branded.

Under a separate agreement, Quinenco will distribute Shell-branded lubricants and Shell Marine Products in Chile.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...