Middle East Economic Survey

VOL. XLVIII

No 6

07-February-2005

SAUDI ARABIA

Motor Oil (Hellas) Plans Refinery Shutdown In March

Saudi Aramcos Greece-base subsidiary Motor Oil (Hellas) on 26 January announced that its 100,000 b/d capacity refinery in Corinth would shut down for a week at the end of March for the installation of a new hydrocracking unit and maintenance work. Saudi Aramco holds 41.9% of Motor Oil (Hellas), 16.4% directly and 25.5% through a holding company.