VOL XXXI

NO. 20

22-FEBRUARY-1988

SAUDI ARABIA

Saudi Arabia Plans to Consolidate Lube Oil Interests

Moves are in progress in Saudi Arabia, as part of a more generalrationalization of the oil industry, to consolidate the various lube oilfacilities in the Kingdom, wholly or majority-owned by the State agency Petromin,under a single company to be known as the Saudi Lubrication Company (SALCO).

SALCO is expected to group the following main lube oil facilities:

- The Petromin Lubricating Oil Refining...