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Shell announces sale completion of New Zealand entities

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Tanks and Terminals,


Royal Dutch Shell plc (Shell) has completed the sale of its shares in Shell entities in New Zealand to OMV for US$578 million.

This includes the Maui, Pohokura, and Tank Farm assets, and the sale of Shell’s interest in (and operatorship of) the Great South Basin venture, which was subject to a separate agreement.

Read the article online at: https://www.tanksterminals.com/storage-tanks/02012019/shell-announces-sale-completion-of-new-zealand-entities/

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