NO. 36


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...