Petromin Revives Luberef 2 Project
Saudi Arabia's Petromin has decided to revive the joint-venture 1.5mnbarrel/year lube oil refinery project owned 70% by Petromin and 30% by Mobil Oilwhich was shelved at the end of 1985 because of a lack of funds (MEES, 18 March1985), and five of the six companies which originally submitted tenders forthe project have been invited to rebid for the refinery. The PetrominLubricating Oil Refining Company (Luberef), which...
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