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Peninsula On-line, Qatar: No plan to raise Showa stake: Saudi Aramco

Web posted at: 8/28/2006 2:6:3
Source ::: Agencies

RIYADH • Saudi Aramco said yesterday it had no plan to raise its holdings in Showa ShellSekiyu KK, Japan’s fifth-largest refiner, after Saudi state media reported that Aramco would buy a strategic stake. “There are no new developments in the Showa Shell joint venture,” a spokesman at state-run Aramco said. Aramco already owns a 15 per cent stake in Showa Shell.

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