VOL. XL

No. 7

17-February-1997

UAE

Crescent Petroleum Confirms Talks With Foreign Companies On Strategic Alliances And Possible Sale Of Minority Equity

Crescent Petroleum Company International confirmed on 10 February that it was involved in talks with several foreign firms on future strategic alliances and a possible sale of minority equity stake in the Sharjah-based oil company. A Crescent spokesman explained that "in addition to companies from the Far East, including Taiwan and South Korea,...