VOL. XXXVII
NO. 19
7-FEBRUARY-1994
Saudi Arabia
Saudi AramcoFinalizes Philippine Refinery Purchase
Saudi Aramco hasconcluded its purchase of 40% of Petron Corp., the refining and marketingsubsidiary of state-owned Philippine National Oil Company and the country'slargest refiner. Finalization of the deal, which marks Saudi Aramco's secondforay into the Asia-Pacific refining market after Korea's Ssongyang jointventure, was expected following last month's royal approval (MEES, 31 January).As reported...
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