Royal Dutch Shell Plc plans to focus on three bidders this month for its downstream oil assets in Argentina after receiving eight non-binding offers of $1 billion to $2 billion, people with knowledge of the matter said.
The shortlisted bidders will enter the second phase of the sales process, which includes an oil refinery and a network of gasoline stations, in the next two to three weeks, according to the people, who asked not to be named as the talks are private.
Brazil Energy Insight 
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