Aramco to Buy a $1.2 B Stake in Hyundai Oilbank

Aramco to Buy a $1.2 B Stake in Hyundai Oilbank

Saudi Aramco has agreed to purchase a .

2 billion stake in South Korean oil refiner Hyundai Oilbank, Reuters reported.

Hyundai Heavy Industries Holdings signed a deal with Aramco for some of Oilbank’s shares.

The deal comes in line with Aramco’s plan to expand its footprint in South Korea.

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