Saudi Aramco will invest USD 1.6 billion in Hyundai

The Saudi oil company is planning to buy one-fifth of a refinery and expand its presence in Asia.
Photo: SaudiAramco
Photo: SaudiAramco

Saudi Arabian state-owned Aramco wants to expand its position on the Asian oil market. The company is thus acquiring one-fifth of Hyundai Oilbank, the refinery division of Hyundai Heavy Industries, for up to USD 1.6 billion.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading

Recent years have mauled global turbine industry, and German Nordex also notes growing deficits. | Foto: Nordex

Nordex deficit doubles in 2022

For subscribers