NO. 37


Saudi Arabia

Star Enterprise Reports 30% Drop in 1991 Pre-Tax Earnings

Star Enterprise - the oil refining and marketing joint venture establishedin November 1988 by Saudi Refining Inc. (a wholly-owned subsidiary of AramcoServices Company) and Texaco Refining and Marketing (East) Inc. (a wholly-ownedsubsidiary of Texaco Refining and Marketing Inc.) - in 1991 reported a 30% fallin earnings before tax to $265mn from $377mn in 1990 and an 11% fall in totalrevenue to...