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eFinanceMarkets

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Re: eFinanceMarkets post# 420

Thursday, 05/18/2017 11:43:16 AM

Thursday, May 18, 2017 11:43:16 AM

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Reuters: Shell seeks $500M in sale of Tunisian gas assets

Royal Dutch Shell (RDS.A, RDS.B) is seeking to sell its gas fields in Tunisia for ~$500M, Reuters reports, as the company moves ahead with its $30B disposal program aimed at reducing debt following its takeover of BG Group last year.

The Tunisian assets include two offshore gas fields - Miskar, fully owned by Shell and Hasdrubal, 50% owned by Shell - as well as an onshore production facility.

The assets, which comprise nearly two-thirds of Tunisia's gas production, were acquired in the BG acquisition.
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