Interested in the lubricant industry in Europe?

Subscribe to Lube Report EMEA - a new e-newletter for the lubricants industry focused on Europe, the Middle East and Africa.

April 16, 2019

Volume 2 Issue 34

To continue reading this article you must be a subscriber to Lube Report EMEA.

Subscribe to Lube Report EMEA today!

Lube Report EMEA is the free weekly e-newsletter; featuring regional breaking news, base oil prices and shipping reports.

Login to Lube Report EMEA

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.