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Shell Guam Completes Agat Terminal Sale With Tristar

As part of an ongoing strategy of portfolio management, Shell Guam Inc (Shell) announced today the completion of the Asset Sale and Purchase agreement for the sale of its Agat Fuels Terminal to Agility Defense & Government Services (DGS) and Tristar Transport.

The purchase includes 25 bulk-fuel storage tanks in Agat, Guam with a combined capacity of roughly four million barrels; five miles of pipeline; and receipt-and-issue facilities. The sale was concluded over a period of 9 months, after completion of various administrative and permits requirements. With the sale, the Agat bulk-fuel storage and distribution facilities will be operated by Tristar Terminals Guam, a joint venture owned by Agility DGS and Tristar Transport. The deal also includes storage and terminal agreements between Tristar Terminals and Shell Guam, which will ensure continued supply of products to Shell’s marketing customers.
 
The Agat sale is consistent with Shell's strategy of managing its portfolio to deliver maximum value to its customers and shareholders. In general, Shell in the Pacific Islands has been operating in a market with good long-term prospects, a loyal customer base, professional staff, and reliable business partners.  The Agat terminal will be divested as a going concern and will be a valuable asset to Agility Defense & Government Services (DGS) and Tristar Transport, a logistics player.
 
Shell does not anticipate any changes for customers and will continue to provide the high level of service and quality products that they expect.
 
Shell has likewise made arrangements with the buyers to ensure a smooth transition for its employees, customers and other stakeholders.
 
About Royal Dutch Shell
 
Royal Dutch Shell, the parent of Shell Guam Inc., is a global leader in the downstream business. The company has some four million barrels of crude oil per day of worldwide refining capacity. Shell is the world’s largest single branded fuels retailer with some 46,000 service stations worldwide, and operations in some 90 countries and territories around the world.
 
For more information about Shell, visit www.shell.com.
 
ENQUIRIES:
Roberto S. Kanapi
Vice President for Communications
Pilipinas Shell Petroleum Corporation 
Tel. 63.2.8146303
Fax 63.2.8166153