No. 31

3 August 1998


Repsol Acquires Moroccos National Gaz

Spains Repsol, has acquired National Gaz, a Moroccan company thatdistributes butane gas. National Gaz has a 30% market share in the northeastern region ofMorocco, mostly in Oujda, Nador and Fez and posted a turnover in 1997 of over 1bn pesetas($6.5mn). Repsol said that the acquisition is a first step in its medium term plans toexpand its market share in Moroccos butane gas market, which has grown at around 8%a year over...