Barbados company to take over 137 Shell stations

Under licensing agreements, the Sol Group which was formed in 2005 through the purchase of Shell's petroleum distribution and marketing businesses in several Caribbean nations, will continue using the Shell brand. (File photo: Erasmus Williams)

SANTO DOMINGO, Dominican Republic, November 23, 2009 – Royal Dutch Shell has agreed to sell its service stations in the Dominican Republic to Barbados-based fuel supplier, Sol.

A total of 137 stations will be part of the deal.

The amount of the purchase, however, has not been revealed.

Under licensing agreements, the Sol Group which was formed in 2005 through the purchase of Shell's petroleum distribution and marketing businesses in several Caribbean nations, will continue using the Shell brand.

Completion of the deal, which includes the lubricants marketing area and product distribution, as well as the use of the Shell brand under a licensing agreement, will require both parties to meet certain conditions.