Shell has completed the sale of its 50% stake in a Saudi petrochemicals joint venture for $820million.
The oil major said completion of the deal showed “the clear momentum” behind its $30billion divestment programme.
Shell first announced the divestment of SADAF, based in Al Jubail, in January.
Regulatory approval for the deal has since been granted.
Sabic is the buyer.
Shell said the sale did not impact its other Saudi interests.
The company said it would focus on downstream activities.
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