VOL. XL
No. 39
29-September-1997
SAUDI ARABIA
Saudi Aramco Terminates Partnership Talks With Petrogal
The Saudi Arabian Oil Company (Aramco) announced on 22 September that it wasterminating discussions with the shareholders of Petrogal about a potential Aramcoinvestment in the Portuguese company's share capital. In a statement, Aramco said that"this action reflected a strategic decision recently made by the company torestructure its downstream investment program to give primary emphasis to the...
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