SAUDI ARABIA
Large Portion of Petromin's February Product Availability Was Bought by Trading Firm Grunewald
A large part of Petromin's share of refined products from the Yanbu' refinery in February - some reports say as much as 50% - has been purchased on spot tender by a newly formed trading firm known as Grunewald International Energy. Petromin's product entitlement from the Yanbu' refinery (which it owns 50-50 with Mobil Oil) currently amounts to about 90,000...
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