Mon 20 May 2013, 12:02 GMT

Total buys Shell's downstream business in Egypt


Lubricants business to be retained as part of the deal.



Oil major Shell has reached an agreement with French oil firm Total for the sale of its retail and commercial fuels activities in Egypt, Shell Marketing Egypt (SME), for an undisclosed sum.

Under the agreement, Shell’s current SME staff, except those who support the retained lubricants business, will transfer to Total.

Shell's upstream business in Egypt is not impacted by the announcement and will continue to operate as before.

"Shell maintains a material upstream presence in the country and our strategy aims to grow and maximise the hydrocarbon potential in the Western Desert, where we have an existing and growing production presence," Shell said.

Shell added: "The sale is consistent with Shell’s strategy to concentrate its downstream footprint on a smaller number of assets and markets. Recent examples include the sale of refineries in the UK and Germany and downstream businesses in Finland and Sweden as well as the establishment of joint ventures in Brazil and across much of the rest of Africa."

Until deal completion, which is not expected for several months, Shell said it will continue to carry out its normal activities.

All details of the sale are subject to commercial confidentiality, according to Shell.


Titan Optimus alongside Peony Leader vessel. FuelEU pooling drives surge in bio-LNG demand, Titan analysis finds  

Clean fuel supplier's modelling shows pooling mechanism turning overcompliance into tradable value for LNG-fuelled ships.

Keith Johnstone, Lloyd’s Register. Ports told to prepare now for advanced nuclear power  

Joint paper sets out a readiness pathway for ports facing nuclear-powered vessels, floating reactors and small modular units

Terra Clove vessel. Eastern Pacific Shipping takes delivery of first ammonia dual-fuel VLAC  

Terra Clove powered by first Everllence B&W 6G60ME-C10.5-LGIA ammonia dual-fuel two-stroke engine.

BV grants type approval to WinGD. Bureau Veritas approves WinGD's variable compression ratio technology for dual-fuel engines  

Classification society grants type approval to engine technology enabling compression ratio adjustment across different marine fuels.

Joe Kramek, WSC. Dual-fuel fleet passes 500 ships as investment tops $200bn  

World Shipping Council data shows dual-fuel container ships and vehicle carriers growing fast, with IMO rules uncertain.

VPS Carbon Reduction seminar in Athens graphic. VPS to host Athens seminar on fuel efficiency and carbon reduction  

VPS's final European round table of 2026 will cover marine fuels, lubricants and decarbonisation in Athens.

Aurora Botnia vessel. Wasaline secures locally produced biogas supply from St1 Biokraft for Vaasa–Umeå ferry  

Agreement will supply 42 GWh of liquefied biogas annually, with deliveries due to start in January 2028.

Kypros Island delivery ceremony. Safe Bulkers takes delivery of first dual-fuel methanol Kamsarmax newbuild  

Kypros Island becomes the first dual-fuel bulker to enter the Cyprus Registry.

Singapore waterfront skyline. PetroChina seeks LNG bunker trader to expand Asian marine fuel business  

Role requires five to ten years of commercial experience in LNG, bunker trading, marine fuels, commodities, or energy trading.

Shanghai–Melbourne Green Shipping Corridor (GSC). Shanghai and Melbourne ports move green shipping corridor into delivery phase  

Ports launch implementation plan targeting green methanol, biofuels and shore power by 2035.