Shell’s asset sales could reach $5 billion in 2011

Royal Dutch Shell plc said asset sales proceeds in 2011 could reach some US$5 billion, including some US$2 billion of proceeds from transactions announced in 2010. In Germany, Shell announced, in January 2011, negotiations with potential buyers for the base oil manufacturing and associated refining facilities of its 100% owned Hamburg refinery (105,000 barrels per day capacity), with the intention to convert the remaining portions of the refinery into a distribution terminal for oil products. (February 3, 2011)