VOL. XXXVII

NO. 34

23-MAY-1994

Saudi Arabia

Feasibility Study For Saudi/Korean/Chinese Refinery

Saudi Aramco and South Korean refiner Ssangyong Oil Refining Company (owned35% by Saudi Aramco) have agreed to carry out a feasibility study for theconstruction of a joint venture refinery in China, a Ssangyong official said.The refinery would be owned 45% by Saudi Aramco, 15% by Ssangyong, 18% byChina's state-owned Sinochem and 22% by Shandong Province and the Qingdaomunicipal government. The...