VOL. XLI

No. 01

5-January-1998

SAUDI ARABIA

Apicorp Buys 10% Equity Share In Saudi Arabia's Tahseen MTBE Plant

The Board of Directors of the OAPEC-sponsored Arab Petroleum Investments Corporation(OAPEC) decided on 21 December to purchase a 10% equity share in the private Saudi firmNational Fuel Additive Company (Tahseen), which plans to build a 900,000 ton/year MTBEplant at the industrial city of Yanbu. The joint venture was launched last November byAlujain Corporation of Saudi Arabia, Ecofuel...