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...