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Monday, 22 April 2019 00:00 - - {{hitsCtrl.values.hits}}
DUBAI (Reuters): Saudi Aramco said yesterday it would acquire Royal Dutch Shell’s 50% stake in Saudi refining joint venture SASREF for $ 631 million.
The sale is expected to complete later this year, the two companies said in a joint statement.
Saudi Aramco Shell Refinery Co (SASREF), based in Jubail Industrial City in Saudi Arabia, has a crude oil refining capacity of 305,000 barrels per day (bpd).
