NO. 43


Saudi Arabia

Japanese Set Up Company to Study Refining Joint Venture with Saudi Aramco

Four Japanese companies - Nippon Oil, Nippon Mining, Arabian Oil and CaltexPetroleum - have set up a company called Nissa Petroleum Project Company Ltd. toundertake the necessary feasibility studies for their projected joint refiningventure with Saudi Aramco (MEES, 3 June 1991). Nissa Petroleum is capitalized at$2.6mn and its President is Mr. Kazuo Tomita, Director of Nippon Oil,...