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...