Libya Puts Shell Africa Units at $2 Billion, Report

Libya Oil Holding Co. is said to have offered to buy some of Royal Dutch Shell Plc’s downstream business in Africa for $2 billion, said Faisal Werfelli, a legal adviser in Tunisia told Bloomberg on Tuesday.

Shell’s operations in South Africa are excluded from the proposed deal, Werfelli said in an interview in Tunis yesterday.

Libya’s Alrahila Oil Services and the Vitol Group have also expressed interest in buying Shell’s downstream assets, he said.

“Sale is our preferred option but we can’t comment on potential buyers,” David Williams, a Hague-based spokesman for Shell, said by phone today as quoted by Bloomberg…read more


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