VOL. XL

No. 27

7-July-1997

OMAN

MB Petroleum Services To Purchase Stake In Hungarian Drilling And Oilfield ServicesCompany

The Omani private oilfield services firm - MB Petroleum Services LLC - announced on 30June that its bid to purchase 83% of the state-owned Hungarian Oil Exploration RT ofSzolnok (KV) has been accepted by the Hungarian Privatization and State Holding Company(APV) and that the transfer of the shares is subject to the conclusion of the relevantagreement which will be signed...