Shell Renews Efforts to Sell Stake in Rosneft-Held German Refinery ...Middle East

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Shell Renews Efforts to Sell Stake in Rosneft-Held German Refinery
source : OILPRICE ( Middle East ) () 34
Shell has restarted a process to sell its minority 37.5% stake in the Schwedt refinery in Germany, whose majority shareholder is now-sanctioned Russian state oil giant Rosneft, Reuters reported on Tuesday, citing sources with knowledge of the matter.  Shell has opened a data room this month and is seeking offers for its stake in the refinery by the end of January, according to some of Reuters’ sources.  The Schwedt refinery, the fourth-largest refinery in Germany, used to process Russian oil before Germany cut off supplies…

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