VOL. XXXIX

No. 25

18-March-1996

SAUDI ARABIA

Aramco Finalizes 50-50 Joint Venture With Greece's Motor Oil Hellas

Aramco finalized its acquistion of 50% of Greek refiner Motor Oil Hellas at a signing ceremony held on 14 March. In addition to Motor Oil's 100,000 b/d refinery at Corinth in southern Greece, the joint-venture includes the Greek firm's Avinoil retail marketing arm which markets refined oil products under the Avin brand name in over 650 retail outlets. Aramco originally had...