Oilfield Team
Oil & Gas Books Store, Petroleum Engineering Books
  • Main
  • News
  • Photo
  • Video
  • Oilfield Jobs
  • Learning Section
  • Oil & Gas Calculator

Shell completes sale of Vivo Energy stake to Vital Africa BV

2017.04.28
3 405

Shell has completed the sale of its 20% interest in Vivo Energy Holding B.V. to Vitol Africa B.V. for a total amount of US$250 million.

This sale was earlier announced on 23 December 2016 when Shell signed an agreement to divest its interest in this venture. Completion of the transaction follows regulatory approval and is consistent with Shell’s strategic commitment to focus downstream activity in areas where it can be most competitive.

Shell fuels and products will continue to be available in 16 countries in Africa via a long-term brand licence agreement with Vivo Energy.

About Vivo Energy

Vivo Energy, the Shell licensee in 16 African markets, was established on 1st December 2011 to distribute and market Shell-branded fuels and lubricants. Vivo Energy provides high quality solutions for motorists and businesses in Botswana, Burkina Faso, Cape Verde, Ghana, Guinea, Ivory Coast, Kenya, Mali, Mauritius, Madagascar, Morocco, Mozambique, Namibia, Senegal, Tunisia and Uganda. Its retail offering includes fuels, lubricants, card services, shops and other non-fuel services (e.g. oil change and car wash). For businesses it provides fuels, lubricants and liquefied petroleum gas (LPG) to business customers across a range of sectors including marine, mining, and manufacturing. Jet fuel is sold to customers at 23 airports though a partnership with Vitol Aviation. The company employs around 2,300 people, operates over 1,700 retail service stations under the Shell brand and has access to approximately 900,000 cubic metres of fuel storage capacity. Shell and Vivo Lubricants has blending capacity of around 124,000 metric tonnes at plants in six countries (Ghana, Guinea, Ivory Coast, Kenya, Morocco, and Tunisia) producing Shell branded lubricants. 
 
For more information, please visit: http://www.shell.com

Related Posts

The Need For Workforce Housing In The Oil And Gas Industry
2023.03.28
37
The Need For Workforce Housing In The Oil And Gas Industry
The oil and gas industry is an undeniable powerhouse, and at its heart lies a dedicated workforce, c…
6 Benefits Of Precision Measurement Equipment In Oil And Gas Industries
2023.02.23
303
6 Benefits Of Precision Measurement Equipment In Oil And Gas Industries
Precise measurements are essential in various industries and applications. In oil and gas, the stake…
5 Steps To Build A Career In The Oil Industry
2022.12.05
703
5 Steps To Build A Career In The Oil Industry
Careers in the oil sector are highly diverse and may require various skill levels. That said, it&nbs…
8 Health And Safety Practices For Employees Working In Remote Areas
2022.09.06
1 303
8 Health And Safety Practices For Employees Working In Remote Areas
Some industries focusing on oil exploration and mining require working in remote locations. In these…
Market quotes are powered by TradingView.com
© Oilfield Team, 2023
About Us  | Contact Us  | Privacy Policy  
Made in studio Zuber