VOL. XL

No. 26

30-June-1997

SAUDI ARABIA

Saudi Aramco To Acquire 27.5% In Petrogal

The Portuguese Ministry of Economy confirmed on 26 June that the Portuguese Governmentand Saudi Aramco had reached an agreement in principle for the latter to take a 27.5%stake in the state-controlled energy group Petrogal. A statement issued by the Ministrysaid that "the Portuguese Government, Saudi Aramco and Petrocontrol reached anagreement in principle on the general terms for Saudi Aramco to be able to take...