Home / FLD / Delgados buy Shell's North Pacific business

Delgados buy Shell's North Pacific business

Royal Dutch Shell is selling its downstream oil business in the North Pacific Islands to IP&E Holdings LLC owned by Philippine-based Delgado family. Roberto S. Kanapi, Shell vice president for communications in the Philippines, declined to disclose the amount involved in the agreement, citing confidentiality agreements. The agreement covers the sale of Shell’s retail, commercial and aviation business in Guam, Saipan and Palau. (November 27, 2009)