SAUDI ARABIA
Yanbu' to Have another Lube Plant
According to an officer of Gotco NV of Houston, negotiations are currently underway between Gotco and SH Zahran & Co - a partnership between al-Hamrani and al-Sulaiman and Bros - to build at Yanbu' a joint venture 30,000-ton/year blending plant for finished lube oils. The deal is expected to be finalized around end-September and tenders for the facility are to be invited in October with start-up planned for mid-1987. By...
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