Shell wants out of Botswana

Wednesday, April 07, 2010

The country's largest oil company, Royal Dutch Shell, wants to divest from its retail and marketing operations in Botswana and 20 other African countries.

This news comes hardly a month after another oil company, BP, announced plans to pull out. In a statement on its website, Shell says it is shifting its focus to exploration and production of oil while simultaneously cutting back further on refining and marketing.

"Shell Oil Products Africa (Shell) announces it is reviewing ownership options for its downstream businesses in 21 countries in Africa," says the statement posted last week.

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