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Market Chatter: Royal Dutch Shell Seeks Buyers for Ontario Refinery, Alberta Sour Gas Facilities


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Royal Dutch Shell Plc. (RDS.A, RDS.B) plans to divest its Ontario refinery and some sour gas facilities in Alberta, Bloomberg reported on Thursday.

The move is part of the Anglo-Dutsch company's focuses on its $31-billion liquefied natural gas project in British Columbia, the Canadian news outlet said, citing a statement from the Canadian affiliate of the Hague-based company.

"These assets have been a cornerstone of Shell Canada for many years, however, they are no longer a fit with Shells evolving portfolio."

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , ETFs
Referenced Symbols: RDS.A , RDS.B



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