Ron Bousso
- Western Desert sale process to launch end of Nov.
- Shell’s share of production reached 100,000 boed last year
LONDON, Nov 15 (Reuters) - Royal Dutch Shell has appointed investment bank Citi to run the sale of its onshore Egyptian oil and gas assets which could fetch around $1 billion, sources close to the process said.
The sale process is expected to be officially launched at the end of November, the sources said.
Shell said last month it plans to sell its onshore upstream assets in the Western Desert to focus on expanding its Egyptian offshore gas exploration.
