Petromin Revives Luberef 2 Project
Petromin Lubricating Oil Refining Company (Luberef) - owned 70% by SaudiArabia's Petromin and 30% by Mobil Oil - is to go ahead with its plan to build asecond base oil refinery (Luberef 2) in Yanbu' on the Red Sea. The project,which has been on the drawing board since 1983, was shelved at the end of 1985because of a lack of funds (MEES, 18 March 1985) and revived at the end of 1987(MEES, 16 November 1987), when five...
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