VOL. XLV

No 42

21-October-2002

SAUDI ARABIA

Preem Sells Poland Gas Stations To Statoil

Norways Statoil on 15 October announced that it had agreed with Saudi-owned Preem Petroleum of Sweden to buy the latters 79 gas stations in Poland. A brief statement said only that the acquisition would increase Statoils network in Poland to more than 200 stations, and did not mention the amount paid for the Preem facilities. In 2001, Preem Polskas turnover amounted to approximately $174mn. Corral Petroleum...