VOL. XLIII

No. 25

19-June-2000

SAUDI ARABIA

Motor Oil (Hellas) $70Mn Refinery Upgrading Nears Completion

Motor Oil (Hellas) Corinth Refineries, in which Saudi Aramco acquired a 50% stake in 1995 (MEES, 10 April 1995), is close to completing a $70mn project to upgrade its 100,000 b/d Theodori refinery in Greece to bring it into line with new European Union (EU) regulations. A further $10mn is being spent on maintenance work on a 30,000 b/d fluid catalytic cracker and a 10,000 b/d reformer, both...