Shell CEO Reviewing Argentina Downstream Assets
Ben van Beurden (Photo: Shell)
Shell CEO Van Beurden speech at Barclays (BCS) CEO energy power conference in New York:
* Says company's average break-even price in pre-FID projects now at $45/bl
* Says undertaking strategic review of Argentina downstream assets as part of $30 billion divestment programme
* Shell spokesman says upstream assets in Argentina are not part of the review
* Shell's downstream assets in Argentina include the Buenos Aires refinery, around 600 retail sites, plus trading and supply, chemicals, LPG, marine fuels, aviation fuels and lubricants businesses
(Reporting by Karolin Schaps and Ron Bousso)
