You are here

Saudi's Sabic to acquire remaining 50% of Shell venture

BT_20170123_SABIC23_2704218.jpg
Shell is involved in other downstream activities in Saudi Arabia; it has a crude oil refinery with Saudi Aramco in Jubail.

Dubai

SAUDI Basic Industries Corp (Sabic) has signed an agreement to acquire the 50 per cent that it does not already own in its petrochemical venture with Shell Arabia, a unit of Royal Dutch Shell, for US$820 million, Sabic said on Sunday. "As per the partnership agreement between the

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom