Shell's Decision To Keep LPG Will Have Long-term Benefits

March 2006 | Company News Alert

Anglo-Dutch oil major Royal Dutch Shell appears to have completed its disposal and restructuring programme, withdrawing its remaining liquefied petroleum gas (LPG) units from the market and announcing that it met the US$12-15bn divestment target by the end of last year. The firm has already sold a significant portion of the business, raising some US$350mn from the sale of LPG assets in Europe and South America, but has over US$2bn worth still remaining. The decision to withdraw from a much-touted auction process marks a milestone in Shell's strategy. From whittling down its downstream operations the group can now begin to

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