Friday 19 December 2014
 
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Petromin

Petromin launches new auto oil

Saudi-based Petromin has developed a fully synthetic high performance auto oil, utilising its advanced additive system. The Petromin A-1 was launched at an event held at the Elaf Hotel in Jeddah. It meets the highest OEM requireme

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Hinduja weighs sale of share in Saudi venture

  A unit of Indian conglomerate Hinduja Group has hired Deutsche Bank to consider options for a 49 percent stake in a Saudi lubricants venture valued at up to $700 million, three sources said.   Jed

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$1bn Petromin Saudi IPO planned

India's Hinduja Group plans to launch the initial public offering in Saudi Arabia, of its subsidiary Petromin, to raise $800 million to $1 billion this year, a group official said on Wednesday. Lubricants maker Petromin is an equal joi

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Gulf Oil buys Saudi Petromin

Gulf Oil International Ltd, a Hinduja Group company, along with its joint venture partner the Dabbagh Group in Saudi Arabia, today announced the acquisition of Petromin. Petromin is a joint venture between Saudi Aramco (71 per cent) and Mo

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Hinduja firm acquires Petromin

Gulf Oil International Ltd, a Hinduja Group company, along with its joint venture partner the Dabbagh Group in Saudi Arabia, today announced the acquisition of Petromin. Petromin is a joint venture between Saudi Aramco (71 per cent) and Mo

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