Brazil ’s Raízen Energia is close to buying Shell 's offshore gas station network for more than $ 1bn , according to people familiar with the plan . Raízen ’s bid includes those by Argentine oil company YPF , Chile ’s Quinenco and China National Petroleum Corp ’s Petrochina . Raízen controls shell ’s second - largest chain of gasoline stations . Shell and shell ’s oil SA Industria & Comércio each own 50 % of the joint venture .
Brazil’s Raízen Energia is close to buying Shell's Argentina gas station network for more than $1bn, according to people familiar with the plan. Raízen’s bid beat those by Argentine oil company YPF, Chile’s Quinenco and China National Petroleum Corp’s Petrochina. Raízen controls Brazil’s second-largest chain of gasoline stations. Shell and Brazil’s Cosan SA Industria & Comércio each own 50% of the joint venture.