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.
>>>>>>>> Qatar Petroleum International, Royal Dutch Shell PLC, Shell Eastern Petroleum, 500,000 bpd refinery, Pulau Bukom, petrochemical complex, 800,000 tpa steam cracker, Petrochemical Corporation of Singapore, styrene monomer and propylene oxide plant, BASF.