Shell sells Australian refinery to Vitol for £1.6bn

Oil giant Shell has sold an Australian oil refinery and 870 petrol station sites to Swiss oil trader Vitol for A$2.9 billion (£1.6bn). Vitol’s boss Ian Taylor described it as an “exciting” move for his company. A brand agreement means all the service stations will continue to use Shell’s red and yellow logo. The Anglo-Dutch […]