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Showa Shell, Saudi Aramco to start solar power project

Reuters

Tue Jun 23, 2009 9:10pm EDT

June 24 (Reuters) – Japanese oil distributor Showa Shell Sekiyu KK (5002.T) said on Wednesday it and Saudi Aramco Oil Co had agreed to start a feasibility study on solar power business in Saudi Arabia. Showa Shell, Japan’s fifth-biggest oil refiner, is investing in thin-film solar cells in a search for new revenue streams. (Reporting by Taiga Uranaka)

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