VOL. XXXVIII
NO. 36
5-JUNE-1995
Saudi Arabia
AgreementSigned On Full Takeover Of Rabigh Refinery By Saudi Aramco
MEES learns thatan agreement was signed between Saudi Aramco and the Latsis-owned Greek companyPetrola on 1 June under which the former will assume full ownership of the325,000 b/d Rabigh export refinery on the Kingdom's Red Sea coast. Under thedeal Saudi Aramco will take over Petrola's 50% interest in the Rabighjoint-venture plant. Plans for the takeover were announced by Saudi Oil...
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