You are here:

Portfolio actions

Shell acquired the remaining outstanding shares in Gasnor AS, a market leader in Norway that supplies LNG as a transport fuel to industrial and marine customers. In Australia, refining operations at the 79 thousand b/d Clyde refinery ceased. The Clyde refinery and the Gore Bay terminal are in the process of being converted into a fuel import facility.

Shell announced its intention to sell the 118,000 barrel-per-day Geelong Refinery in south-east Australia, as Downstream continues to focus investment on large-scale sites.

In Marketing, Shell agreed to acquire Neste Oil Corporation’s network of 105 retail sites in Poland.

Shell completed the sale of the majority of its shareholding in downstream activities in Botswana, Burkina Faso, Côte d’Ivoire, Guinea, Kenya and Namibia, whilst the downstream activities in Tanzania were discontinued. The agreements form part of the divestment of Shell’s shareholding in most of its downstream activities in Africa as announced in 2011.

Shell continues to divest non-strategic Downstream positions. Divestments included retail stations in North America and most of our LPG activities in Asia-Pacific.