Royal Dutch Shell has reportedly sold its Australian downstream assets -- which include the 120,000 b/d Geelong refinery and 900 petrol stations -- to trading house Vitol and the Abu Dhabi Investment Council for A$2.4 billion (US$2.2 billion), the daily Australian Financial Review (AFR) said on Wednesday. Shell declined to comment on the report while Vitol had yet to comment on the deal by press time.
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