02-08-2011

Expansion in the Middle East

Shell Global Solutions International B.V. (Shell Global Solutions) has signed an agreement with the South Refineries Company of Iraq, for the provision of technology licenses to a refinery in Basrah, Southern Iraq.

Shell Global Solutions will provide a license for a sulphur recovery unit and visbreaker unit as part of the agreement. Together with the refinery expansion, these technologies will contribute to optimised operations at the Basra refinery, significantly boosting capacity. The sulphur recovery unit is likely to enable the refinery to meet and exceed world standards for emissions whilst the visbreaking unit will help increase overall upgrading, building a future proof solution for the long-term. The upgrading of the refinery with Shell Global Solutions’ leading technologies will contribute to fulfilling Iraq’s expected future demand for oil products.

“These license agreements demonstrate Shell Global Solutions’ commitment to the country and the development of this sector, as part of the Shell Group’s long-term strategy in Iraq. We are involved in oil production through our Majnoon field operations, we signed a Heads of Agreement (HOA) in 2008 to capture and monetise gas being flared in the Southern Iraq fields, and we are now entering the downstream sector in Iraq, a key growth market” said S. Ozmen, Vice President Licensing, Shell Global Solutions.

“The contracts awarded to Shell Global Solutions reflect the competitive value proposition these technology licenses presented. We expect the technology to spearhead the revamp of the Basra refinery, which is likely to lead to its best in class status” said Hanna Al-Jadaa, Project Director, South Refineries Company.

For more information, please visit our web site www.shell.com/home/content/globalsolutions/