April 16, 2019
Volume 2 Issue 25
Aramco to Take Smaller Stake in Oilbank
Saudi Aramco reached an agreement to purchase a 17 percent stake in South Korean oil refiner Hyundai Oilbank for 1.4 trillion won ($1.2 billion), the state-owned company announced yesterday. This is slightly smaller than the stake Aramco announced that it had agreed to take in late January.