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ChevronConocoPhillipsRelianceIndustrieshasreopenedabouttwo-thirdsofits1432petrolpumpsinthecountryandissellingabout2000kilolitresofautofuelperdayfrom900petrolstationsShellplanstosellitsSwedisharmincludingarefineryinGothenburgand400petrolstationsShellsaidinvestorsinFultonHoganLtd.haveagreedaplantobuybacktheoilcompanys37percentstakeintheNewZealandconstructiongroup.Reliancereopens900petrolstationsShelltosellrefineryandretailnetworkFultonHoganagreestobuybackShellstakeIndiaSwedenNZCelebrating75YearsSSANewZealand19statementShellhasoperatedinfor97yearsandbeganexplorationtherein1955.IthasheldastakeinFultonHoganoneofthecountrysbiggestcivilconstructioncompaniesforalmost30years.ShellEuropesbiggestoilcompanyagreedlastmonthtonegotiateexclusivelywiththeInfratil-ledventureonthesaleofthegroups229fillingstationsportterminalsanda17percentstakeinNewZealandssoleoilrefinery.Nopricehasbeendisclosed.ItisretainingitsoilandgasassetswhichincludestakesinthenationsMauiKapuniandPohokuragasfields.servicestationaustraliaautumn2010ssa.org.auReliancehadshutits1432fillingstationsinMarch2008aftersalesdroppedtoalmostnilasitcouldnotmatchthesubsidisedpriceofferedbythegovernment-ownedIndianOilBharatPetroleumandHindustanPetroleumwhogotcompensatedfromthegovernmentforsellingfuelbelowcost.Unlikesectorslikefertiliserstheoilsubsidyislimitedonlytopublicsectorfirms.Reliancesurrendereditsonly-for-exportstatusforoneofitsrefineriesinJamnagarwhichisnowbeingusedtosupplyfueltoitsoutlets.OilgiantRoyalDutchShellisintheprocessofsellingassetsinSwedenanewspaperreported.ThemultinationalpetroleumcompanyissaidtohaveappointedinvestmentbankLazardtocutitsSwedisharm.ThesellingincludesarefineryinGothenburgamarketingarmanditsnetworkofmorethan400gasstations.ThereportsaidthatShellhopestomakeabout750millionfromthesell-off.Therefineryhassome200employeesandthetotalSwedishorganisationemploysapproximately500people.ThestaffwasnotifiedMondaythatthecompanyislookingatsellingtheSwedishbranch.ThemoveispartofShellsplantosell15percentofitsglobalrefiningcapacityinthenextthreeyearsaspartofitsrestructuringprogramaimedatincreasingprofitabilityandefficiencyMarketWatchsaid.ShellhasbeensellingrefineriesintheUnitedStatesandEuropeinrecentyears.ButthecompanyisnotabandoningitsstrategicfocusonoilproductionsaidExxonMobilvice-presidentofinvestorrelationsDavidRosenthalinaconferencecallwithanalysts.WearenotshiftingawayfromoiltogasMrRosenthalsaid.Wehaveanumberofprojectsunderwaytoincreaseoilproduction.Thecompanysaiditacquired16000netacresofoilsandsresourceintheAthabascaregioninCanada.QuarterlyresultsforthelargestUSoilcompanybymarketvaluelikethoseofpeersandreflectpersistentlyweakdemandforfuelaconsequenceoftheeconomicrecession.MrRosenthalsaidthecompanyexpectsdemandforfuelswillbeflatthisyear.Someindependentrefinershavesoughttosellorclosefacilitiestostemtheirlosses.Chevronthesecond-largestUSoilcompanybymarketvaluesaidlastmonththatitwouldrestructureitsrefiningandretailbusinessexitingsomemarketsandcuttingjobs.ButMrRosenthalsaidthatExxondoesntseetheneedforanysignificantrestructuringatthistimeinitsdownstreambusiness.ExxonschemicalbusinesssawitsquarterlyearningsincreasebyUS561mtoUS716mduetostrongermarginsincreasedsalesandlowerimpactfromhurricanes.Thecompanysaiditscapitalexpenditurein2009wasUS27.1bnup4percentfrom2008.FultonHoganwillpurchasetheholdingover412yearsininstallmentsstartingDec.30ShellNewZealandChairmanRobJagersaidina.TheChristchurch-basedroadbuilderwillpayShellaboutNZ472million339millioninsixinstallmentstheIndependentnewspaperreportedDec.10.ShellissellingtheholdingalongwithitsNewZealandfuelretailingarmaspartofaglobalstrategytofocusonoilandgasproductioninexpandingmarkets.TalkscontinuewithInfratilLtd.andtheNewZealandSuperannuationFundonthesaleofthecompanysfillingstationsandrefininginterestsJagersaid.FultonHoganindicatedtousastrongdesiretopreservethefabricofthecompanyandkeeptheownershipwithinthefoundingfamilyshareholdersemployeesandbusinesspartnershesaid.Wehaveworkedconstructivelywiththecompanytofindasolutionmeetingtheserequirements.