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Saudi Aramco Says Worldwide Oil Buffers May Perhaps Vanish When Demand Recovers

Hyundai Heavy Industries holds a 10 % stake in the shipyard, when Saudi Aramco, Lamprell and Bahri hold stakes of 50.1 %, 20 % and 19.9 %, respectively. South Korea’s Kepco has been chosen by Saudi Aramco to create an independent steam and power producer project in Jafurah. Export-Import Bank of Korea – Heads of Terms for strategic financing options. Chief Executive Officer Amin Nasser said at the International Oil Summit in Paris. The concept that oil demand is close to its maximum level is “equally as misleading” as now-discredited theories about peak oil provide, he stated. DAVOS – The...