He bought Basell, a Dutch joint-venture between German chemicals-maker BASF AG and Royal Dutch Shell PLC, for 4.4 billion, or $6.06 billion, in 2005, the largest leveraged-buyout deal in the chemical industry at that time.
December 31st, 2008:
Chemical Giant LyondellBasell Mulls Bankruptcy
Shell shuts Nigerian gas plant due to technical problems
By Jonathan Browning and Daniela Silberstein
Dec. 31 (Bloomberg – Royal Dutch Shell Plc (RDSA LN): Europes largest oil companys Nigerian unit shut down its Utorogun gas plant due to technical problems, cutting gas supplies to major power plants, ThisDay reported, citing the head of the Nigerian Gas Company. The stock rose 40 pence, or 2.3 percent, to 1,811 pence.
Shell Australia refinery outage to last into 2009
SYDNEY, Dec 31 (Reuters) - A temporary shut down of Royal Dutch Shell Plc's (RDSa.L) Australia Clyde refinery will extend into 2009 due to ongoing maintenance work, a company spokesman said on Wednesday.