Friday 10 March 2017

Saudi Aramco and Shell achieve significant milestone toward separation of Motiva assets

In General Energy News 08/03/2017

Royal Dutch Shell plc (“Shell”) today announces the signing of binding definitive agreements between SOPC Holdings East LLC (a U.S. downstream subsidiary of Shell) and Saudi Refining Inc. (“SRI”) (a wholly owned subsidiary of Saudi Arabian Oil Company (“Saudi Aramco”)) on the separation of assets, liabilities and businesses of Motiva Enterprises LLC (“Motiva”), a 50/50 refining and marketing joint venture.
A balancing payment of $2.2 billion has been agreed between the parties, subject to adjustments including for working capital. This value will be satisfied by a combination of SRI assuming more than its 50% share of Motiva’s net debt on completion and a cash payment for the balance. As at 31 December 2016, Motiva’s total net debt was $3.2 billion, of which Shell will assume $0.1 billion, resulting in a deduction to the cash portion of the balancing payment of $1.5 billion. As a result of the transaction no material effect is expected on gearing reported on the Shell balance sheet.
Subject to regulatory approval, the transaction is expected to close in the second quarter of 2017.


Source: Shell

Payoneer - Una mejor solución de pago global

Payoneer - Una mejor solución de pago global
Una forma alternativa de enviar y recibir dinero de forma segura de la contaminación infecciosa del virus corona mientras se observan las instrucciones de cuarentena en el hogar y los procedimientos de asesoramiento de viaje.

Payoneer-より良いグローバル決済ソリューション

Payoneer-より良いグローバル決済ソリューション
家の検疫手順と旅行勧告の手順を守りながら、感染性コロナウイルスの汚染から安全かつ安全にお金を送金して受け取る別の方法。