VOL. XXXVII
NO. 43
25-JULY-1994
Financial andBanking News
Regional Financing
Luberef Financing Still Some Way Off, Despite Reports
Petromin Lubricating Oil Refining Company (Luberef), the joint venturebetween state-owned Petromin (70% - Petromin's share was taken over by SaudiAramco in July 1993) and Mobil (30%) is not expected to approach the market forsome time, despite reports in the Saudi press that 10 regional banks were to beasked to provide a $71mn loan. Saudi banks have not yet been...
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