NO. 22


Saudi Arabia

Petromin Sets Up Marketing Subsidiary In South Africa

Petromin Oils of Saudi Arabia has set up a subsidiary in South AfricaPetromin Oils Marketing SA following a visit to South Africa in January bySaudi Oil Minister Hisham Nazer. Petromin Oils Marketing said in a statementthat it was "spearheading Saudi Arabia's penetration into the South Africanpetroleum market, starting with lube oils, then crude and base oils." Thenew company has started local...