Tag Archives: Royal Dutch Shell

Last week. Shell announced a triple increase in net earnings attributable to shareholders for the second quarter of the year. to US$3.6 billion.

Shell shut down most of the units at the 404.000 barrel per day (bpd) Pernis oil refinery in the Netherlands following a power outage caused by a fire on the evening of July 29.

Italy purchased 2.8 million tons in the four-month period. accounting for nearly 30% of all imports.

The Azar field is a joint and complex field which is currently producing 30.000 barrels of oil per day. It is set to be expanded through new oil deals by an Iranian company.

The EU is concerned that US sanctions will hurt investments in an oil pipeline connecting Russia to Germany.

Under these alliances. Japex will own 33% of the power plant business.

Fuel prices in Iran are among the cheapest in the world even after the government cancelled offering oil products at subsidized prices in May 2015.

Both Total and Shell have signed a memorandum of understanding (MoU) with Iran on Petrochemical sphere in 2016.

Total and Iran earlier signed a 20-year contract worth $4.8 billion to develop South Pars gas fields’ 11th phase.

Shell sees opportunities in LNG and next-generation biofuels for shipping. heavy freight and air travel.