NO. 45


Saudi Arabia

Saudi Arabia/Mobil To Go Ahead With Second Lube Refinery

After some years of discussion and delay, it is now finally confirmed thatthe project for the construction of a second joint-venture lube oil basestockrefinery in Saudi Arabia by Luberef - owned 70% by Saudi Arabia's Petromin(whose interests were taken over by Saudi Aramco in July 1993) and 30% by MobilOil - is firmly set to get off the ground. Plans to construct the new facility -known as...