Published by
Alex Hithersay,
Editorial Assistant
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/
Continued production and collapsing demand means that the US is set to fill one third of its available crude storage in April, according to Rystad Energy.