Shell

Lukoil | June 20, 2016

Lukoil’s president, Vagit Alekperov recently announced the Russian oil company is in talks with Shell to participate in the development of of a petrochemical complex in Iraq. Lukoil’s management has decided to aid costs by using funds from the oil produced at their oil fields in Iraq at their West Qurna-2 field, the largest field in Iraq....

ICIS.com | January 23, 2017

Royal Dutch Shell’s chemicals business will continue to be a “growth engine” for the company despite the $820m disposal in its Saudi joint venture with SABIC, a spokesperson for the UK-Netherlands energy major said on Monday. Shell announced late on Sunday it was divesting its 50% stake at SADAF, a 37-year old joint venture with the Saudi petrochemicals major. The SADAF joint venture, at Jubail Industrial City, has six petrochemical plants with a total output of more than 4m to...

OilVoice | January 23, 2017

Shell and SABIC have signed an agreement whereby SABIC will acquire Shell's 50% share in the petrochemicals SADAF joint venture, located in Jubail, Kingdom of Saudi Arabia for $820 million. The SADAF joint venture encompasses six world-scale petrochemical plants with a total output of more than 4 million metric tons per year. This announcement marks an early termination of the joint venture agreement which was due to expire in 2020. This acquisition will enable SABIC to further optimiz...

Nasdaq | January 15, 2020

Atotech, a Carlyle-backed specialty chemicals company carved out of Total, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering.However, the deal size is likely a placeholder for an IPO that we estimate could raise $1 billion. The Berlin, Germany-based company was founded in 1993 and booked $1.2 billion in revenue for the 12 months ended September 30, 2019. It plans to list on the NYSE under the symbol ATC. Atotech filed confidentially on June 7, 2019. ...