Saudi Aramco will acquire Royal Dutch Shell’s 50 percent stake in their Saudi refining joint venture SASREF for $631 million. The purchase, which is part of Aramco’s strategy to expand its downstream operations, will be completed later this year.
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Date posted: Monday 22 April 2019
Saudi Aramco will acquire Royal Dutch Shell’s 50 percent stake in their Saudi refining joint venture SASREF for $631 million. The purchase, which is part of Aramco’s strategy to expand its downstream operations, will be completed later this year.