VOL. XXXIX

No. 37

10-June-1996

SAUDI ARABIA

Neste Agrees To Take Equity Stake In Alujain MTBE Plant At Yanbu'

MEES understands that Finland's Neste Oy has signed a memorandum of understanding (MOU) with the private Saudi firm Alujain Corporation under which the Finnish firm has agreed to take a minority equity stake in a new company called the National Fuels Additives Company (Tahseen). Tahseen is being formed to build, own, and operate an 850,000 ton per year MTBE plant which Alujain...