Close Gallery
Zoom Picture

SANTO DOMINGO. - The Shell Company WI Ltd agreed to sell its commercial and industrial service stations, its distribution and marketing of lubricants in the Dominican Republic to the group Sol, though the negotiations don’t include Lubridom.

The downstream business agreement will also allow the group Sol to continue using the Shell brand under a licensing agreement.

In a statement Shell affirms that the sale of those businesses will allow it to focus its investment in areas where it can substantially grow. It affirms that its investors will continue operating in Dominican Republic.

The companies added that before closing the sale, both parts must fulfill certain previously agreed to requirements.

The announcement comes just months after it sold its 50% stake in the refinery Refidomsa to the State.

 

Share / Recommend this article: FacebookFacebook Digg thisDigg this del.icio.usdel.icio.us TechnoratiTechnorati YahooYahoo Facebook
COMMENTS
9 comment(s)
Written by: Blutarsky, 19 Nov 2009 2:49 PM
From: United States, Faber College Double Secret Probation
like rats on a sinking ship
Written by: xwill7, 19 Nov 2009 3:32 PM
From: United States, Chicago
everyone is running on propane
Written by: vacanos, 19 Nov 2009 3:39 PM
From: United States
No they got word on the Chavez's deal
Written by: Juango, 19 Nov 2009 3:55 PM
From: United States, far S. Florida (formerly Santo Domingo)
Venezuela's infrastructure (electric/water services) is on the verge of total collpse. Guri, could suffer a potential catastrophic disaster, which inturn could plunge the nation into darkness, along with a shutdown of the petro/chemical complexes nationwide. Most are operating at reduced capacities due to mechanical failures (lack of maintenance) Without this, PetroCaribe would not be able to ship product to their customers, thus affecting several smaller nations (DR incl). Can the DR buy crude & refined petro products on the spot market with their lack of credit/cash? What then? Just thinking,,,, what if??
Written by: yowzerDR, 19 Nov 2009 4:32 PM
From: Dominican Republic
Say good bye to gas, forever. Bye-bye...
Written by: glomarexplorer, 19 Nov 2009 7:52 PM
From: United States, Fresh Water Paradise-NY Finger Lakes
Why exactly is a well-established Dutch company, with good reputation, leaving DR for good?

Do they see something we don't see?

Maybe I've missed something in evolution of this story.....it just didn't seem very important at the time, until Jugo Chavez came into the picture. I don't trust Jugo or anything he does, for he has ulterior motives, and LFR is ready and willing to oblige him. Worse yet, he is an acknowledged communist. Perhaps, in end, DR will be annexed to Venezuela. One direct family branch settled there, so maybe they'll be happy.
Written by: DoggPound, 20 Nov 2009 9:11 AM
From: United States
Written by: xwill7, 19 Nov 2009 3:32 PM
From: United States, Chicago
everyone is running on propane

Si...the cars running the cocaine are running on propane, it's the Dominican way!
Written by: xwill7, 20 Nov 2009 12:25 PM
From: United States, Chicago
if it was not for propane, many counld not afford to drive cars... only pasolas
Written by: bearcat, 20 Nov 2009 9:47 PM
From: Dominican Republic
Question for you. Why did the government not buy the stations and sell them to the people who already operate them; if they are in fact interested in building a middle class of the incomes of the people of the Republic? It appears that they were purchased by the people who already own most everything else.

Think about it.
Post Your Comment | Not a member? Create your account | Lost your password?
Write your opinion here. Please keep your comment relevant to this article. Please note that any comments which contain offensive language or discriminatory expressions may be edited/removed.
You must log in to post a comment:
Username Password