VOL.XXXVIII
NO.28
10-April-1995
SaudiArabia
SaudiAramco Acquires 50% Of Motor Oil Hellas
SaudiAramco has acquired a 50% stake in the Greek firm Motor Oil Hellas, under anagreement signed on 6 April, Saudi Minister of Petroleum and Mineral ResourcesHisham Nazer announced last week. Motor Oil Hellas, which is owned by theVardinoyannis group, has a 100,000 b/d refinery near Corinth in southern Greecetogether with 3mn barrels of storage capacity. It supplies a chain of some 700gasoline stations...
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