VOL. XXXIX
No. 45
5-August-1996
SAUDI ARABIA
Saudi Aramco And Petrogal Sign MOU To Assess Possible Partnership
Saudi Aramco signed on 28 July a non-binding Memorandum of Understanding with the Portuguese oil company Petroleos de Portugal (Petrogal) and its shareholders "in order to assess the potential for a strategic alliance involving the acquisition by Saudi Aramco of a major shareholding interest in Petrogal and a long-term commitment by Saudi Aramco to supply Arabian crude oil to...
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