April 24, 2019 – Saudi Aramco has agreed to acquire Royal Dutch Shell’s 50 percent stake in the Saudi Aramco Shell Refinery Co. (SASREF) refining joint venture for an estimated $631 million, with the expectation that the transaction will be completed later in 2019. Located in Jubail Industrial City, SASREF has a refining capacity of 305,000 barrels per day. The acquisition of this facility by Saudi Aramco is part of the company’s strategy to expand its downstream operations with the goal of becoming the world’s largest integrated energy company.
You also might be interested in
Saudi Arabia Macroeconomic Developments The value of awarded construction contracts[...]
The Red Sea International Film Festival is set to take[...]
June 24, 2019 – McDermott International, Inc. announced the awarding[...]