VOL. XXXI

NO. 19

15-FEBRUARY-1988

SAUDI ARABIA

Luberef 2 Bids Get Underway

According to the Chairman and Managing Director of the Petromin LubricatingOil Refining Company (Luberef), Mr. Ahmad al-Khereiji, bids for the revivedLuberef 2 project are to be finalized shortly and that contracts for the 1.5mnbarrel/year lube oil refinery at Yanbu' could be awarded as early as May orJune. The lube refinery project, estimated to cost some $160mn, was originallyplanned in 1983 as a joint venture between...