VOL. XXXIV

NO. 10

10-DECEMBER-1990

Saudi Arabia

Saudi Aramco and Ssangyong Sign Agreement for New Refining Joint Venture

The Saudi Arabian Oil Company (Saudi Aramco) and Ssangyong Oil on 4 Decembersigned the final agreement for their 50/50 refining and joint venture in SouthKorea. The agreement is yet to be put to the South Korean Government forapproval. The joint venture, to be known as the Han-Saudi Oil Refining CompanyLtd., will acquire, own and operate new refining facilities with a capacity...