The deal, which was finalized last year but not revealed until now, is part of Shell's plan to pull out of the Latin American market.
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Shell To Pull Out Of Latin American Market
Royal DutchShell sold at a loss its core interest in a natural gas field
Royal Dutch/Shell sold at a loss its core interest in a natural gas field in Argentina to domestic oil firm CGC.
Shell will receive $750,000 for its 51.25 percent stake in northern Argentina's Valle Morado field, which it purchased from CGC in 1998 for $111 million, along with a commitment to invest an additional $75 million in operations.
The deal, which was finalized last year but not revealed until now, is part of Shell's plan to pull out of the Latin American market.
The deal, which was finalized last year but not revealed until now, is part of Shell's plan to pull out of the Latin American market.
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