A Review of the Nigerian Energy Industry

Aramco eyes $2bn refinery stake buy

Saudi_Aramco02 July 2014, News Wires – Saudi giant’s overseas unit to splash the case on upping its interest in South Korean downstream outfit

Aramco Overseas, part of the Saudi Arabian oil behemoth, is to buy South Korean player Hanjin Group’s 28.4% stake in S-Oil Group for $1.95 billion, Reuters reported.

The deal, which has been agreed in principle, will see Aramco Overseas’ stake in the refinery player grow to 63.4%.




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