VOL. XXXVIII

NO. 31

1-MAY-1995

Saudi Arabia

European Commission To Probe Aramco's Acquisition Plans In Greece

The European Commission announced on 27 April that it has initiated apreliminary investigation into Saudi Aramco's plans to acquire a 50% stake inthe Greek firm Motor Oil Corinth Refineries and the separate Vardinoyannis-controlledAvinoil Industrial and Maritime Oil Company SA (MEES, 10 April). The purpose ofthe inquiry is to establish whether or not the acquisitions violate existing...