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AOC Holdings Inc to Sell New Subsidiary of ARABIAN OIL COMPANY, LTD. to Subsidiary of JX Holdings Inc


Thursday, 27 Dec 2012 02:30am EST 

AOC Holdings Inc announced that its subsidiary ARABIAN OIL COMPANY, LTD.will restructure its oil upper stream business as a subsidiary on April 1, 2013, and at the same time, ARABIAN OIL COMPANY will sell all the stake in the new subsidiary to JX Nippon Oil & Gas Exploration Corporation, which is a wholly owned subsidiary of JX Holdings Inc. 

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