November, 11 (plastemart.com) -- State-owned Qatar Petroleum International is to acquire a stake in Royal Dutch Shell PLC"s chemical joint ventures in Singapore. Other details have not been disclosed.
Shell Eastern Petroleum operates a 500,000 bpd refinery at Pulau Bukom and is in the process of building a petrochemical complex comprising an 800,000 tpa steam cracker and two downstream units. Shell jointly operates Petrochemical Corporation of Singapore with a Japanese consortium led by Sumitomo Chemicals. It also co-owns a styrene monomer and propylene oxide plant with German chemical major BASF.
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