VOL. XXXI
NO. 21
29-FEBRUARY-1988
SAUDIS PLAN NEW OIL TRADING FIRM
Saudi Arabia is planning to establish a new internationally operating oiltrading firm in the near future, MEES understands. The firm - to be known asthe Saudi International Trading Company - will be headquartered in New York andis conceived as a replacement for the previous trading arm Norbec, which hasbeen pretty much dormant for some time past. The new firm will be wholly ownedby Saudi Aramco via Aramco Overseas Company.
Industry...
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