Middle East Economic Survey
VOL. XLVII
No 28
12-July-2004
SAUDI ARABIA
Saudi Aramco Acquires Stake In Shell Japanese Refining/Marketing Venture
Saudi Aramco announced on 5 July that through its subsidiary Aramco Overseas Company it had signed an agreement with Shell to acquire a 9.96% strategic shareholding in Showa Shell, a publicly traded Japanese refining and marketing company. As part of this transaction, Saudi Aramco will supply a minimum of 300,000 b/d of crude oil. The Shell Group, with a...
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