• Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups
 

Talk Finance

£$$€№₮IAL €¢¤₦¤MI¢ №€₩$
  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

Talk Finance

  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

In Foreign Affairs

Shell sold its share in Saudi Aramco refinery

22nd April 2019

Shell sold its share in Saudi Aramco refinery Pin It

Oil and gas giant Shell is selling its stake in joint venture Saudi Aramco Shell Refinery (Sasref). Shell receives a sum of $ 631 million from Saudi Aramco for 50 percent of the refinery. The sale is expected to be completed later this year, subject to regulatory approval.

According to Saudi Aramco, the acquisition fits in with the company’s long-term strategy. In addition, it wants to increase the capacity and complexity of the refinery. For Shell, the deal is part of the ongoing efforts to better align its refining portfolio with the Chemicals division, among others.

Despite Shell taking its hands off of Sasref, the Amsterdam-listed group continues to explore “new business opportunities” with Saudi Aramco, Shell said.

Share

No Comments

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

Protection ended for Wirecard:…

In Foreign Affairs

Protection ended for Wirecard: shorting is allowed again

View Post

Next Post

Saudi Aramco to get minority…

In Foreign Affairs

Saudi Aramco to get minority stake in Reliance Industries

View Post

In Money Matters

EU zone economic confidence reaches 93.4 with the reasons for euphoria still to uncover

View Post

In Money Matters

IAG advocates the digital ‘testing and vaccination passports’ for passengers

View Post

In Money Matters

Flat opening on Friday US markets

View Post

In Domestic Affairs

Alex Salmond causes unrest in troubled Scottish government

View Post

Newsletter

Latest News

View

The newly formed Stellantis counts on strong growth in sales

3rd March 2021

View

Rio Tinto chairman has left the company amid the ‘sacred cave’ destruction

3rd March 2021

View

In January 2021 Germany exported 30 percent less to the United Kingdom

2nd March 2021

View

COVID-19 made HelloFresh turnout skyrocket

2nd March 2021

Allow us to introduce ourselves

Talk-Finance.co.uk, the analytic media. We are focused on the fresh business, M&A and financial data. We pay attention to the interesting new projects and startups while not letting the whole picture to let unnoticed.

  • Investing.com
  • Runch.co.uk

Sign Up for Our Newsletter

Our friendly crew

  • Matthew Patridge, the chief Editor
  • Chris Kimble, the managing Editor
  • Matthew Weller, webmaster&technical stuff
  • Charles Sizemore, author
  • David Stevenson, author
  • Helen Rush, author

Contact us by [email protected]

© 2019 Talk Finance - All Rights Reserved. [email protected]