Middle East Economic Survey

VOL. L

No 46

12-November-2007

SAUDI ARABIA

Saudi Aramco Selects Jadwa Investment Company As New Luberef Partner

Saudi Aramco on 6 November said the Jadwa Investment Company had purchased ExxonMobils 30% share of the Saudi Aramco Lubricating Oil Refining Company (Luberef). The value of the sale was not disclosed. Saudi Aramco holds 70% of Luberef, founded in 1976 and operator of lubrication oils refineries in Jiddah and Yanbu' with a combined design capacity of 550,000...