Shell expects to split Motiva assets with Saudi Aramco in Q2 | Reuters

HOUSTON Shell Oil Co, the U.S. unit of Royal Dutch Shell Plc, said on Monday it expects to divide the refineries and other assets of the Motiva Enterprises joint venture with co-owner Saudi Aramco in the second quarter of 2017."We are pleased with the progress we have made to date, and anticipate completion of the transaction in Q2 2017," said Shell spokesman Ray Fisher in an email. "The April 1 date is a target that the internal project teams are working toward."

(Reporting by Erwin Seba)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Feb 07, 2017 00:45 AM

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