NO. 32


Saudi Arabia

Saudi Aramco Plans To Assume Greek Petrola's 50% Stake In Rabigh Refinery

The Saudi Minister of Petroleum and Mineral Resources, Mr. Hisham Nazer, hasannounced the approval of plans by Saudi Aramco to assume full ownership of the325,000 b/d Rabigh export refinery located on the Kingdom's Red Sea coast. TheRabigh refinery is a 50-50 joint venture between Saudi Aramco and the Latsis-ownedGreek company Petrola. Relations between Petrola and its Saudi...