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2017-08-17 15:05:00

SHELL SELLS SADAF FOR $820 MLN

SHELL SELLS SADAF FOR $820 MLN

SHELL - Shell has completed the sale of its 50% share in SADAF, the petrochemicals joint venture, located in Al Jubail, in the Kingdom of Saudi Arabia to SABIC for $820 million. This sale was announced on 22 January 2017. Completion follows anti-trust filings in the relevant countries and regulatory approval from the Kingdom of Saudi Arabia.

This acquisition will enable SABIC to optimise operations at SADAF and further invest in the facilities, integrating them with SABIC's other affiliates. This step will allow Shell to focus its downstream activities and make selective investments to support the growth of its global chemicals business. Completion of this deal shows the clear momentum behind Shell's global, value-driven $30bn divestment programme.

This deal does not impact Shell's other interests in the Kingdom of Saudi Arabia.

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Earlier:  

SHELL INCOME $1.55 BLN

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2017-07-28  

GAZPROM - SHELL LNG

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2017-06-05  

SHELL DIVESTS CANADA $8.2 BLN

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2017-06-01  

SHELL INCOME $3.5 BLN

SHELL INCOME $3.5 BLN SHELL INCOME $3.5 BLN Compared with the first quarter 2016, CCS earnings attributable to shareholders excluding identified items increased by $2.2 billion, mainly driven by higher contributions from Upstream and Chemicals, partl ...
2017-05-06  

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2017-04-25  

SHELL DOUBLE LNG

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2017-04-03  

SHELL DIVESTS CANADA $7.25 BLN

SHELL DIVESTS CANADA $7.25 BLN SHELL DIVESTS CANADA $7.25 BLN Shell will sell to a subsidiary of Canadian Natural Resources Limited (“Canadian Natural”) its entire 60 percent interest in AOSP, its 100 percent interest in the Peace River Complex in-si ...
2017-03-10

 

 

Tags: SHELL, SADAF, SAUDI, SABIC

Chronicle:

SHELL SELLS SADAF FOR $820 MLN
2018, January, 22, 08:20:00

RUSSIAN NUCLEAR POWER - 2017

WNA - Apart from adding capacity, utilisation of existing plants has improved markedly since 2000. In the 1990s capacity factors averaged around 60%, but they have steadily improved since and in 2010, 2011 and 2014 were above 81%. Balakovo was the best plant in 2011 with 92.5%, and again in 2014 with 85.1%.

SHELL SELLS SADAF FOR $820 MLN
2018, January, 22, 08:15:00

INDIA'S NUCLEAR POWER - 2017

WNA - India has a flourishing and largely indigenous nuclear power programme and expects to have 14.6 GWe nuclear capacity on line by 2024 and 63 GWe by 2032. It aims to supply 25% of electricity from nuclear power by 2050.

SHELL SELLS SADAF FOR $820 MLN
2018, January, 22, 08:10:00

CHINA'S NUCLEAR POWER - 2017

WNA - Mainland China has 38 nuclear power reactors in operation, about 20 under construction, and more about to start construction. The reactors under construction include some of the world's most advanced, to give a 70% increase of nuclear capacity to 58 GWe by 2020-21. Plans are for up to 150 GWe by 2030, and much more by 2050.

SHELL SELLS SADAF FOR $820 MLN
2018, January, 22, 08:05:00

U.S. - RUSSIA'S NUCLEAR

PLATTS - "The domestic uranium mining industry needs US government assistance to survive the foreign onslaught -- particularly from Russia and Kazakhstan -- that has undermined the US uranium industry while new players -- particularly China -- will soon make the situation worse," Energy Fuels and Ur-Energy said in a petition they jointly filed with the department.

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