Pressure from the Thai government appears to have scuppered Shell’s proposed $900 million sale of its share in one of Thailand’s biggest gas fields to Kuwait’s state oil company.
In January, the Anglo-Dutch major announced the divestment of its 22.2% stake in the Bongkot field to Kuwait Foreign Petroleum Exploration Co. (KUFPEC) as part of its debt-reduction campaign.
Shell released a statement last week saying the deal was dropped because it could not agree with the Thai government on the treatment of share sales within the timeframe...
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