Royal Dutch Shell buys into T&T energy sector
Feb 27, 2013
(Trinidad Express) Europe’s largest oil company Royal Dutch Shell once more has a significant stake in Trinidad and Tobago’s energy sector. The company said yesterday it has struck a deal with Spain’s Repsol SA to buy Repsol’s liquefied natural gas assets in Trinidad and Tobago and Peru in a deal worth US$6.2 billion. Shell said it would pay $4.4 billion in cash and assume $1.8 billion in Repsol debt and other obligations.
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