Tuesday , August 3 2021

Saudi Aramco is investing $ 1.2 billion in South Korea's Hyundai Oil

SAUDI ARABIA (Reuters) – Saudi Arabia Aramco has agreed to buy from 1.4 trillion wounds ($ 1.24 billion) stake in a oil refinery company, the largest shareholder of Hyundai Oil Bank of South Korea's refineries Monday.
Hyundai Holdings said it did a lot to seek a party with Saudi Aramco for a number of its shares in Hyundai Oil Bank.

Hyundai announced in late January that "Aramco plans to invest up to $ 1.6 billion in Hyundai Oil Bank to expand its presence in South Korea.

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