VOL. XXXVIIINO. 531-OCTOBER-1994
Shell Sells Shares In Suco/Deoco To Partners Deminex And Repsol
Shell is selling its shares in the Suez Oil Company (Suco) and Deminex EgyptOil Company (Deoco) to its two partners Deminex and Repsol. The reason given bya Shell source for the sale is that it is "purely commercial," notenvironmental as stated in some media reports. Both Suco and Deoco are owned 50%by the Egyptian General Petroleum Company and 50% in equal parts (16.67% each)by Shell, Deminex...