Shell oil deal
A consortium involving Shell Overseas Investment and several Japanese firms has been given approval to set up a $NZ2.62 billion petro-chemical centre in Indonesia. Anglo-Dutch Shell leads the consortium with a 60 per cent stake, followed by C. Itoh and Company, and Mitsubishi Corporation of Japan, with 10 per cent each, and PT Bimantara Citra of Indonesia with 5 per cent. The rest will be allocated to the Indonesian state oil firm, Pertamina and the World Bank affiliate, International Finance Corporation, it said. Mum on Elders Kerr-McGee Corporation will not comment on a report in “USA Today” that Elders IXL has acquired a 5 per cent stake in the company.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19890722.2.114.8
Bibliographic details
Press, 22 July 1989, Page 27
Word Count
113Shell oil deal Press, 22 July 1989, Page 27
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.