Skip to main content

Saudi Aramco acquires Shell’s share of SASREF

Published by
Hydrocarbon Engineering,

Saudi Aramco has completed the acquisition of Shell Saudi Arabia Refining Ltd’s (Shell) 50% interest of the SASREF joint venture in Jubail Industrial City, in Saudi Arabia, for US$631 million.

First announced in April 2019, completion follows receipt of all necessary regulatory consents. The acquisition supports Saudi Aramco’s plan to increase the complexity and capacity of its refineries, as part of its long-term downstream growth strategy.

For Shell, the sale is part of an ongoing effort integrating its refining portfolio with Shell Trading hubs and chemicals operations.

Read the article online at:

You might also like

Catalysts 2019

Catalysts 2019

Catalysts 2019 is an online conference for professionals in the downstream sector. Since this is a completely virtual conference, you can join us from anywhere in the world, absolutely free. Register for free today »


Embed article link: (copy the HTML code below):