08 May 2018

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Shell sells stake in Canadian oil group

London - Royal Dutch Shell on Tuesday said it had agreed to sell its near nine-percent stake in energy group Canadian Natural Resources for $3.3bn to help reduce debt.

The Anglo-Dutch giant announced in a short statement an "agreement to sell its entire stake in Canadian Natural Resources Limited".

Shell last month announced soaring net profits thanks to resurgent crude oil and gas prices.

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