VOL. XLI
No. 11
16-March-1998
SAUDI ARABIA
Saudi Arabia Denies Plans To Raise Stake In Ssangyong Refinery
Saudi Aramco has denied recent rumors that it is planning to boost its stake in SouthKorea's Ssangyong Oil Refining Company from the current 35%. In a statement issued on 7March, Aramco's Public Relations Department said: "Please be informed that SaudiAramco has no plans now to increase its stake in Ssangyong Oil." The rumors were alsodenied by a Ssangyong spokesman after his company's...
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