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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....
Market Realist | January 09, 2017
In this article, we’ll look into the geographical spread of Royal Dutch Shell’s (RDS.A) chemical product markets. North and South America form the largest market for Shell, accounting for 36% of its total chemical products sold. Europe and Africa follow with ~33% of chemical products sold, and Asia forms ~31% of chemical products sold....
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...
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