European Commission Approves Shell`s $3.8 Billion North Sea Sale

The European Commission approved on Friday Royal Dutch Shell`s $3.8 billion sale of North Sea oil and gas assets to private equity-backed Chrysaor.
`The Commission concluded that the proposed acquisition would not raise competition concerns. because of its limited impact on the market structure.` the Commission said in a statement.
Shell welcomed the `important milestone` toward the completion of the deal which is expected in the second half of this year.

About core

Check Also

Saudi Arabia will Eventually have Increase Oil Production

OPEC decided on December 5 to kick the can down the road yet again, postponing …

Leave a Reply

Your email address will not be published. Required fields are marked *