VOL. XXXVII
NO. 18
31-JANUARY-1994
Saudi Aramco
Saudi Aramco Wins Royal Clearance For Philippine Refinery Joint Venture
In a statement distributed to Saudi Arabia's official Saudi Press Agency latelast week, Oil Minister Hisham Nazer announced that Saudi Aramco had receivedroyal clearance for the purchase of a 40% stake in Petron Corp., the refiningand product marketing subsidiary of the state-owned Philippine National OilCompany (MEES, 20 December 1993). Assuming the deal is finalized - and there...
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