Total Shell share swap
14 Jul 2005
Shell is to exchange a 20% interest in its Rome refinery in Italy for Total's 18% interest in Reichstett Refinery in France.
Shell is to exchange a 20% interest in its Rome Italy
The deal means that Shell's share of the Reichstett Refinery will increase to 83% and Total's share of the Rome refinery will increase to 77.5%.
The Reichstett refinery has a capacity of 4 million metric tons a year and is located near the city of
The
The share swap is still subject to approval of the relevant authorities, but is expected to be completed this year.
