VOL. XXXIV

NO. 9

3-DECEMBER-1990

Saudi Aramco Embarks On New Refining Joint Venture In South Korea

Saudi Aramco is embarking on a major new refining joint venture in SouthKorea, in partnership with Ssangyong Oil, thereby gaining a coveted foothold inthe fast-growing Korean and Far Eastern markets. The new joint venture - owned50-50 by Saudi Aramco and Ssangyong Oil and to be known as the Han-Saudi OilRefining Company Ltd. - will acquire, own and operate new refining facilities,with a capacity of...