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Vitol, Helios and Shell Reach Agreement on African Downstream Businesses

PR Newswire GENEVA, Feb. 19, 2011 /PRNewswire/ -- Vitol today announced that, in partnership with Helios Investment Partners, it has agreed to purchase the majority of Shell's shareholding in most of their downstream businesses in Africa for a total consideration of some $1 billion. Under the agreements, two new joint venture companies will assure continued availability of Shell fuels and lubricants in 14 African countries under the Shell brand.

Oil news | Views: 964 | Added by: iks | Date: 20.02.2011 | Comments (0)

Russia courts Turkey as VIP client

«Our relations are based on a very powerful foundation».

Oil news | Views: 969 | Added by: iks | Date: 06.04.2009 | Comments (1)

Rosneft Posts Record USD 11.1 bln Net Income, Reduces Net Debt by USD 5.0 bln in 2008

Rosneft (the “Company”) today reported its consolidated financial results under US GAAP for Q4 and 12M 2008. (Source: www.rosneft.com)

Oil news | Views: 1060 | Added by: iks | Date: 19.03.2009 | Comments (0)