Shell is to sell most of its African Downstream Assets. This is Bloomberg's take:
Shell to Divest About $1 Billion of Refining, Marketing Assets in Africa
However, when we read the version from Vitol, we understand that Bloomberg is making an error:
The deal covers existing Shell downstream businesses (Retail, Commercial Fuels, Liquefied Petroleum Gas, Lubricants, Bitumen, Aviation and Marine) in Morocco, Tunisia, Egypt (excluding lubricants), Cote d’Ivoire, Burkina Faso, Ghana, Senegal, Mali, Guinea, Cape Verde, Kenya, Uganda, Madagascar and Mauritius. Shell’s downstream businesses in Namibia, Botswana, Togo, Tanzania and La Reunion are under review for potential inclusion in the deal at a later date.
In none of these countries does Shell own a refinery. There are no refineries included in the deal.
Slap on wrists for Bloomberg.
For details of all shell refineries
