Royal Dutch Shell
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.
Royal Dutch Shell aims to increase liquefied natural gas (LNG) exports from Egypt this year as it ramps up production from a West Delta field, the company’s country chairman Gasser Hanter said on Tuesday.
Egypt is looking to production from recently discovered fields to halt energy imports by 2019.
Royal Dutch Shell (RDSa.L) has spent over $400 million on a range of acquisitions in recent weeks, from solar power to electric car charging points.
“This targets increasing oil and gas production volume in the Western Desert,” Shell’s director said.
Royal Dutch Shell (RDSa.L) said on Wednesday it has cancelled a $900 million deal to sell its gas field stakes in Thailand.
Royal Dutch Shell (RDSa.L) is seeking to sell Iraq’s Majnoon oilfield and the oil ministry has started preparations to finalise its exit.
Profits on churning out barrels of gasoil and jet fuel in Asia could keep climbing after marking their highest in nearly two years this month.
Hurricane Harvey has not impacted operations at Royal Dutch Shell Plc (RDSa.L) refineries in Convent and Norco, Louisiana.
Royal Dutch Shell has invested in Singapore-based solar firm Sunseap Group for an undisclosed sum as part of a planned collaboration on solar projects in the Asia-Pacific region.
The Idku plant will generate high revenues for Egypt.
Royal Dutch Shell plans to increase investments in oil and gas exploration in Egypt.