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Shell agrees to $0.95b sale of downstream business in Argentina to Raízen

Shell has signed an agreement to sell its Downstream business in Argentina to Raízen for US$0.95 billion in cash proceeds at completion, subject to customary closing conditions. The sale includes the Buenos Aires Refinery, around 645 retail stations, liquefied petroleum gas, marine fuels, aviation fuels, bitumen, chemicals and lubricants businesses, as well as supply and distribution activities in the country. Additionally, after the transaction closes, the businesses acquired by Raízen will continue their relationships with Shell through various commercial agreements, which represent an estimated value of US$0.3 billion.

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2019: Ijaw group endorses Uduaghan for Senate

More and more support is coming the way of Dr. Emmanuel Eweta Uduaghan, the immediate past governor of Delta State who is gearing up to represent Delta South Senatorial District in the upper legislative chamber of the National Assembly.

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