Oil group Royal Dutch/Shell has agreed to sell a network of 111 retail stations and 30 distribution depots in the Caribbean to the Sol Group, the Anglo-Dutch oil giant said.

The announcement, which is part of Shell’s plans to sell $10-12 billion of non-core assets by 2006, confirms an earlier report.
Shell did not give any finanical details of the agreement, but a source familiar with the matter said the deal was worth about $200 million.
Sol will  use the Shell brand name and act as a sole distributor of Shell’s fuels and lubricants in the region.
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