By Business reporter Pat McGrath Global oil giant Shell has revealed it wants to sell its 900 Australian petrol stations, following a nearly 40 per cent slump in annual profits. The Dutch-based energy giant is assessing all of its liquefied natural gas investments in Australia as it seeks to sell $17 billion worth of assets around the world. Shell is also planning to sell its 32 Australian fuel terminals and its Geelong refinery has been on the market since the start of last year. The announcement comes after the company reported the massive fall in its annual profit on Thursday. Shell says it will not make a final investment decision this year on its Gladstone LNG project in Queensland run by Arrow Energy. More » |
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