Shell completes sale of downstream assets in Greece

Royal Dutch Shell PLC has completed the sale of its retail, commercial fuels, bitumen, chemicals, supply and distribution, and LPG businesses and a lube oil blending plant in Greece to Motor Oil (Hellas) Corinth Refineries SA.
July 1, 2010

By OGJ editors
HOUSTON, July 1 -- Royal Dutch Shell PLC has completed the sale of its retail, commercial fuels, bitumen, chemicals, supply and distribution, and LPG businesses and a lube oil blending plant in Greece to Motor Oil (Hellas) Corinth Refineries SA.

The $300 million deal includes formation of a marketing joint venture between the parties for the trade of aviation fuels under the name Shell & MOH Aviation Fuels AE.

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