NO. 25


Saudi Arabia

Saudi Arabia and Taiwan Explore Joint Venture Refining Prospects

Following its acquisition of a 35% stake in South Korea's Ssangyong Oil andits ongoing studies for a much larger joint refining venture with Japanese firms(MEES, 29 July 1991 and 20 January 1992), Saudi Arabia is now investigatingprospects for another Far Eastern joint refining venture with Taiwan's ChinesePetroleum Corp. (CPC).

CPC President Kuan Yung-Shih stated in Taiwan on 12 March that...