NO. 27


Saudi Arabia

Saudi Aramco Finalizes Deal To Acquire Stake In Rotterdam Terminal

As expected, Saudi Aramco has finalized negotiations with TexacoRaffinerderij Pernis to acquire half the company's stake in the huge 2.7mn cubicmeter Texaco/Esso Maatschap crude oil terminal (MEES, 2 August 1993). Thepurchase, which is effective April 1, will give Saudi Aramco (through itswholly-owned affiliate Aramco Overseas Company) a 34.35% stake in the terminal,while Texaco's share...