Saudi Aramco sweet on Shell's stake in refining complex, report says
Saudi Aramco intends to snap up Shell’s 50% stake in the SASREF refining complex, a news report said.
A source told Reuters that a deal had already been struck for SASREF, a joint venture between the firms.
Based in Jubail Industrial City in Saudi Arabia, SASREF has a crude oil refining capacity of 305,000 barrels per day (bpd).
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