Middle East Economic Survey
VOL. XLVII
No 48
29-November-2004
OMAN
OOC Acquires 7.5% Stake In Spains Saggas Regasification Terminal Project
State-owned Oman Oil Company (OOC) announced on 23 November that it had signed an agreement with Spains Union Fenosa Gas and Union Fenosa to acquire 7.5% of their shares in Saggas, a company incorporated to build the Sagunto Resgasification Terminal in Valencia at a total cost of $432mn. The greenfield terminal and port facilities will be constructed in the...
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