The sale, which included import terminals and 900 service stations, was part of Shell’s global divestment program to sell $15bn of assets over the next two years under CEO Ben Van Beurden, reported Reuters.
Australia’s Macquarie Group and its partner Glencore Xstrata were also in fray to acquire the disposed assets of Shell.
In January, Shell disposed stakes in a gas project in Western Australia for $1.14bn.
In addition, it also sold an 8% stake in the Wheatstone and nearby Iago gas fields apart from a 6.4% stake in the related Wheatstone liquefied natural gas (LNG) project to the Kuwait Foreign Petroleum Exploration, reported geelongadvertiser.com.au.
