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Shell: to sell stake in US Gulf of Mexico field

(CercleFinance.com) - Royal Dutch Shell's Shell offshore unit said on Thursday that it is selling its minority stake in a US Gulf of Mexico field.


Shell has signed an agreement for the sale of its 22.5% stake in the Caesar-Tonga asset to Israeli conglomerate Delek for a price of 965 million dollars, in cash.

The oil major said that the sale will contribute to its ongoing divestment programme, while enabling it to direct resources to areas where it sees the most value over the long term.

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