Sabic Agrees to Acquire Shell's 50 Stake In Sadaf Petrochemicals Joint Venture

摘要

Jubail—Sabic and Shell have signed an agreement whereby Sabic will acquire Shell's 50 interest in the Sadaf petrochemicals joint venture in Jubail, Saudi Arabia, for $820-million. The Sadaf joint venture has six world-scale petrochemical plants with a total production capacity of over 4-million t/y. The transaction, expected to be completed later this year, is subject to regulatory approval.