Thursday 21 June 2018

Shell completes sale of Sadaf stake to Sabic

Royal Dutch Shell has completed the sale of its 50 per cent share in Sadaf, a petrochemicals joint venture located in Al Jubail, Saudi Arabia, to Saudi Basic Industries Corp (Sabic) for $820 million. Sabic already owns the other 5


Sabic drops petchem expansion plan with Shell

Saudi Basic Industries Corp (Sabic) will not move ahead with plans to expand an existing petrochemical joint venture with Royal Dutch Shell in Saudi Arabia as the results of feasibility studies were not encouraging, Sabic said on Thursday.


Sabic, Shell progressing JV expansion plans

Petrochemicals giant Saudi Basic Industries Corporation (Sabic) and Shell said they are progressing plans for the expansion of various projects at their joint venture Saudi Petrochemical Company (Sadaf). The joint venture partners


ABB wins $20m Sadaf contract

Automation technology group ABB said it has won a $20 million contract from Saudi Petrochemical Company (Sadaf) to implement a power factor correction and power management solution at its Jubail manufacturing complex. As per the deal, ABB

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