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

China Oil Imports Surge to Two-Year High

China imported 12.38 million barrels of crude oil daily last month, which was a 4.88% …

Leave a Reply

Your email address will not be published.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