By OGJ editors
HOUSTON, Jan. 3 -- Royal Dutch Shell PLC agreed to sell its retail business in Educador to Primax SA. Terms of the pending transaction, which involves 60 retail outlets, were kept confidential.
Subject to regulatory approvals, the sale is expected to close early this year. Shell retained its lubricants and bitumen businesses in Ecuador.
Primax is a joint venture owned by ENAP Refinerías SA, a subsidiary of Chile's state-owned Empresa Nacional del Petróleo, and by Romero Trading SA, the trading division of the Romero Group in Peru.
In August 2004, Primax acquired Shell's fuels business in Peru.
