DomRep Shell subsidiary sells 137 gas stations

By The Associated Press

Friday, November 20, 2009

Get the latest product design news and headlines - Sign up now!

[-] Text [+]

Read/Post Comments

SANTO DOMINGO, Dominican Republic (AP) — A Dominican subsidiary of Royal Dutch Shell PLC has sold its 137 gas stations across the Caribbean country to a Barbados-based fuel supplier.

Friday's statement from Shell does not reveal the cost of its deal with the Sol Group, which was formed in 2005 through the purchase of Shell's petroleum distribution and marketing businesses in several Caribbean nations.

It will allow the Sol Group to continue using the Shell brand under a licensing agreement.

Last year, the Dominican Republic paid $110 million for Shell's stake in the Refidomsa refinery on the outskirts of the Dominican capital in a bid to stabilize fuel prices.

Click here to follow PD&D on Twitter

ALSO ON PD&D

RELATED TOPICS

Group Contends Popular Zhu Zhu Pets Toys Unsafe 12/7/2009

Khan Resources increases stake in Macusani Yellowcake to 18 per cent 11/30/2009

Boeing Completes 787 Dreamliner Static Test 11/30/2009

N.S. utility given OK to develop $120-million wind farm in Colchester County 11/30/2009

Aquila shares up more than 50 per cent after releasing drilling results 11/30/2009

ROYAL DUTCHSHELL GROUP

JOIN THE DISCUSSION
Rate Article:

Average 0 out of 5

0 Comments

Add Comment

Text Only 2000 character limit

Page 1 of 1

At Issue

FIRST Update from Team 71, Team Hammond: And so it Begins…
Randy Weber of Team Hammond

Risky Business: Funding Medical Device Innovation
Rahul Sathe, Principal Mechanical Engineer, Surgical and Interventional Products, Cambridge Consultants

Extracting Nuggets from the Invention Mine
Tom Tuytschaevers, a member of our Patent Practice Group

More At Issue

Site Sponsors

Videos & Webcasts

The Energy Miser Concept Home 2/8/2012
Lower energy bills while making the house more comfortable, quieter, and safer? Who cares when you're demonstrating a completely Apple-based home control and automation system. Continue

Inside the Audi A7 2/8/2012
When you take a look at the GPS system, you see real-time Google Earth 3D image navigation rather than cartoon-colored maps. It also powers the night vision system which includes a thermal camera to help detect pedestrians. Continue

Engineering Mind Challenge Solved 2/8/2012
Dan and Vince find the solution to last week’s question "will the fan blade hit me if I try to stick my head between the spinning blades?" Continue