VOL. XL

No. 26

30-June-1997

SAUDI ARABIA

Luberef 2 To Start Test Production Shortly

The Petromin Lubricating Oil Refining Company (Luberef) is scheduled to start testproduction from its 2mn barrel/year lube oil basestock refinery at Yanbu in the thirdquarter of 1997 with commercial production to follow in the fourth quarter. Luberef is ajoint venture owned 70% by Saudi Arabia's Petromin (whose interests in the Saudi oilindustry were taken over by Saudi Aramco in July 1993) and 30% by Mobil...