Aramco to invest $1.6bn on South Korean refiner Hyundai Oilbank

30 January 2019, Seoul — State-owned Saudi Aramco plans to invest $1.6 billion for 20 percent stake in South Korean refiner Hyundai Oilbank, expanding its foothold in one of its biggest Asian buyers of crude oil. Saudi Aramco is already the biggest shareholder in South Korea’s No.3 refiner, S-Oil Corp, with a 63.41 percent stake, … More »