NO. 40


Saudi Arabia

Nimir Petroleum Joins Shell in Romanian Exploration Venture

Nimir Petroleum Company Limited, a private Saudi Arabian-owned company,announced on 2 July that its subsidiary, Nimir Petroleum Company RomaniaLimited, has entered into an agreement with Shell Romania Exploration B.V., anoperating company of the Royal Dutch/Shell Group, to explore for oil inRomania. The Nimir and Shell companies will each hold 50% interest in aproduction-sharing venture with...