VOL. XXXVI

NO. 15

11-JANUARY-1993

SAUDI ARABIA

Fina Still Leaves Door Open for 50% Acquisition by Saudi Private Group

Fina Inc., the US subsidiary of Belgium's Petrofina, has indicated that thedoor is still open for a deal on the acquisition by a private Saudi group of a50% share in its refining and marketing assets in the US (MEES, 17 February1992), despite the failure to complete the agreement by year-end 1992, which Fina had previously set as a deadline.

A Fina statement issued in Dallas on 6...