Shell mulls sale of European, US chemicals assets, WSJ reports

(Reuters) – Shell discusses selling assets in Europe and the United States, Wall Street Journal reports on Sunday, citing familiar sources.

The report says that the energy group has hired Morgan Stanley to conduct a strategic review of its chemical operations.

Shell refused to comment. Morgan Stanley did not immediately respond to one of the regular working hours.

The review is in its early stages, and Shell has not yet made some decisions on possible sales, the magazine reports that one of the assets involved in Texas is included.

Last year’s Shell sold its processing and chemical node in Singapore, the world’s largest.

At the beginning of this year, the British company warned that it expects trade in its chemicals and oil products significantly lower quarter trimester due to low seasonal demand.

(Report Bengaluru Bengasha Deir; Additional report of Gurmran Kaurine with editing ROSSELL AND Jane Merriman)