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 $1.2 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.

Dina Elbehiry 642 Posts

Graduated from Faculty of Economics and Political Science- Cairo University.
Having an Economic background and currently working for Egypt Oil & Gas.

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