Vitol, Helios and Shell Reach Agreement on African Downstream Businesses

Vitol today announced that, in partnership with Helios Investment Partners, it has agreed to purchase the majority of Shell’s shareholding in most of their downstream businesses in Africa for a total consideration of some $1 billion. Under the agreements, two new joint venture companies will assure continued availability of Shell fuels and lubricants... 

China Natural Gas Announces Acquisition of Three Filling Stations

China Natural Gas, Inc., one of the leading providers of compressed natural gas (CNG) for vehicular fuel and pipeline natural gas for industrial, commercial and residential use in Xi’an, China, announced today that it has acquired three CNG/gasoline filling stations located in Xi’an City, Shaanxi Province, China. The filling stations have...