The Independent (UK): Shell sells Romanian petrol stations: “For Shell, the sale is part of a raft of disposals in a $10 to $12bn divestment programme that will help to boost exploration.” (ShellNews.net) Nov 24, 2004

THE HUNGARIAN oil and gas company Mol is buying Shell's Romanian fuel distribution business in a deal analysts valued at about $50m (pounds 27m).

The sale includes 59 petrol stations and a smaller lubricants and aviation fuel business, enabling MOL to further expand its retail footprint in central Europe.

For Shell, the sale is part of a raft of disposals in a $10 to $12bn divestment programme that will help to boost exploration.