SAUDI ARAMCO - The Petron Deal From: APS Review Downstream Trends | Date: May 23, 1994 | COPYRIGHT 1994 Input Solutions. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

On March 4, 1994, Saudi Aramco signed a final agreement under it acquired a 40% equity in Petron, the downstream unit of the state's Philippines National Oil Company (PNOC), and paid $502m in cash. About 2.6 bn pesos ($93m) in taxes was paid as part of the sale. Saudi Aramco's Executive Vice President for International Operations, Abdullah Saleh Al Jumah, signed the deal which made the company Petron's "strategic partner". It now has access to a 44% share of the Philippines' oil mark...

Related newspaper, magazine, and journal articles from HighBeam Research

	Middle East Project Finance - Part 6B - The Local Ventures Of Saudi Aramco APS Review Downstream Trends ; Saudi Aramco, the world's largest oil company, is adjusting to leaner times. Ambitious plans to upgrade the kingdom's domestic refineries, at a cost of up to $20 billion, have been shelved since the former marketing and refining company Samarec was absorbed by Saudi Aramco during the second half of
	Middle East Project Finance - Part 6C - Saudi Aramco Overseas Investments APS Review Downstream Trends ; Saudi Aramco is to have a major downstream presence worldwide by the year 2000. Over the years it has forged refining and distribution or storage partnerships in the US, Europe and Asia. The emphasis now is on South-East Asia. Financing comes from the company's capital allocations, profits
	Saudi Aramco - Overseas Investments APS Review Downstream Trends ; Complementing Saudi Aramco's push to improve the quantity and quality of its refinery production is its campaign to establish a downstream presence in the US, Western Europe and East Asia. The goal this decade is to acquire the capacity to refine half of Saudi Aramco's oil production within its own
	Saudi Aramco, Indian Oil Corporation ink Memorandum of Collaboration Al Bawaba ; Saudi Aramco and Indian Oil Corporation Ltd. (IOC) has signed a Memorandum of Collaboration to evaluate future cooperation in petroleum research and development and the commercial exploitation of any resulting technologies. Abd Allah S. Al-Saif, Saudi Aramco's senior vice president of Exploration
	Saudi Aramco, Total sign MoU for proposed Jubail export refinery Al Bawaba ; The Saudi Arabian Oil Company (Saudi Aramco) and Total Sunday signed a comprehensive Memorandum of Understanding (MOU) related to the planned development of a 400,000 barrel per day world-class, full- conversion refinery in Jubail, Saudi Arabia. The proposed refinery will be designed to process

See all results.