Saudi Aramco to buy Shell stake in Saudi refining JV for $631M

MOSCOW (MRC) -- Saudi Aramco will acquire Royal Dutch Shell's 50 percent stake in the Saudi refining joint venture SASREF for USD631 million, reported Reuters with reference to the two companies.The purchase, which is part of Aramco's strategy to expand its downstream operations, will be completed later this year, they said in a joint statement.Saudi Aramco Shell Refinery Co (SASREF), bas

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