Middle East Economic Survey
VOL. XLVIII
No 48
28-November-2005
SAUDI ARABIA
Aramco Overseas Sells Remaining Shares In Motor Oils Corinth Refinery
Aramco Overseas announced on 23 November that it had completed the sale of its remaining 41.9% stake in Motor Oil (Hellas) Corinth Refineries to majority shareholder Motor Oil Holdings, a member of the Vardinoyannis group of Greece. Saudi Aramco explained its decision to divest its remaining interest in the 100,000 b/d plant by pointing to its long-term...
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