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Royal Dutch Shell to exit upstream activities in Tunisia Share 8 hours ago Sign up here for GlobalData s free bi-weekly Covid-19 report on the latest information your industry needs to know. Royal Dutch Shell is set to exit upstream activities in Tunisia in a bid to shift its focus towards developing renewable energy. The firm has informed Tunisian authorities about its plan to exit the operations in the country next year, Reuters quoted Tunisia Energy Ministry’s senior official Rania Marzouki as saying. As part of the plan, Shell’s stake in the Miskar concession in southern city of Gabes will be transferred to the government. ....
Wednesday, 5 May, 2021 - 18:00 The logo of Royal Dutch Shell is seen at a petrol station in Sint-Pieters-Leeuw, Belgium January 30, 2019. (Reuters) Asharq Al-Awsat Royal Dutch Shell has informed Tunisian authorities it will hand back upstream concessions and leave the country next year as it turns its focus to renewable energy, Rania Marzouki a senior official in the energy ministry, told Reuters. Shell s departure will mean the Miskar concession in southern city of Gabes will be handed back to the government, she said, and Shell has also requested the early hand-back of the Asdrubal permit, which expires in 2035. Reuters quoted industry sources last month saying that Shell had hired investment bank Rothschild & Co. to sell its Tunisian assets, while Italy’s Eni had hired Lazard to run its own sale and Austria’s OMV also planned to sell up. ....
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