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Shell signed an agreement with Vitol Africa B.V. to sell its 20 percent shareholding in Vivo Energy for $250 million – a transaction expected to complete during the first half of 2017. A long-term brand license agreement was renewed with Vitol to ensure that the Shell brand will remain visible in more than 16 countries across Africa. Saudi Aramco recently broke ground on construction of a research center at King Abdullah University of Science and Technology in Thuwal, Saudi Arabia, with an expected completion date of mid-2019. The 11,300 square meter research facility will support the companys upstream and downstream research domains as well as environmental protection research efforts.

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