VOL. XXXIX

No. 1

2-October-1995

SAUDI ARABIA

Nimir Petroleum Purchases Two Oil Firms In Columbia

The Saudi-owned Nimir Petroleum Company (NPC) announced on 28 September that it had signed a definitive agreement with the Shell Petroleum Company Ltd. for the purchase of 100% share holdings in Hocol S.A. and Homcol Inc. Both companies hold exploration and production interests in the Upper Magdalena Valley and Central Llanos area of Colombia in addition to participating interests in two...