Saudi Aramco said on Sunday it would acquire Royal Dutch Shell's 50 percent...
FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference in Manama, Bahrain, March 7, 2017. REUTERS/Hamad I Mohammed//File Photo
DUBAI - Saudi Aramco said on Sunday it would acquire Royal Dutch Shell’s 50 percent stake in Saudi refining joint venture SASREF for $631 million.Saudi Aramco Shell Refinery Co , based in Jubail Industrial City in Saudi Arabia, has a crude oil refining capacity of 305,000 barrels per day .
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Aramco plans to buy Shell's stake in Saudi refining JV: sourcesSaudi Aramco plans to buy Royal Dutch Shell's 50 percent stake in Saudi ref...
Read more »
Saudi Aramco looks downstream, and EastAramco’s ties to the West, particularly America, run deep. Yet the relationship is changing
Read more »
Aramco in talks for 25 percent of Reliance's refining, petrochemical units: reportSaudi Aramco, the world's largest crude oil producer, is in 'serious d...
Read more »
Aramco in talks to buy stake in refining business of India's RelianceState oil giant Saudi Aramco, the world's biggest oil producer, is in talks...
Read more »
Aramco buys $1.2 billion stake in South Korean refiner Hyundai OilbankState-owned Saudi Aramco has agreed to buy a 1.4 trillion won ($1.24 billion) st...
Read more »
Hyundai Heavy says Aramco buys 17 percent stake in South Korean refiner unit for $1.2 billionThe biggest shareholder in South Korean oil refiner Hyundai Oilbank said on Mond...
Read more »
Aramco sale would grease Mukesh Ambani’s tidy-upThe Saudi oil giant is eyeing a stake in the energy assets of the tycoon’s $127 bln Reliance Industries. That would aid Aramco’s strategic ambitions. It would also mean India’s biggest listed group could keep expanding its consumer-to-oil businesses without adding too much debt.
Read more »
Chevron’s deal shines awkward spotlight on ShellThe U.S. oil major's $33 bln offer for Permian powerhouse Anadarko may spark similar moves by rivals. The region’s independent players face challenges and are priced accordingly. Were Shell to play M&A catch-up, though, it would risk cramping its climate change-conscious style.
Read more »
Fire guts Notre-Dame Cathedral in Paris; Macron pledges to rebuildNotre-Dame Cathedral devastated by fire, stunning France and the world, but shell of structure saved from destruction by Sdelahamaide Julie Carriat
Read more »
This soft-shell turtle was one of the last of her kind. Her species might die with her.There are only three other Yangtze giant softshell turtles left.
Read more »