Saudi Aramco picks 17% stake in Hyundai Oilbank’s refinery for $1.2b

Photo: Hyundai Oilbank website

The biggest shareholder in South Korean oil refiner Hyundai Oilbank said on Monday that state-owned Saudi Aramco had agreed to buy a 17 percent stake in its oil processing operations for 1.4 trillion won ($1.24 billion).

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