VOL. XXXVII

NO. 25

21-MARCH-1994

Saudi Private Oil Group Acquires Sweden's OK Petroleum

Corral Petroleum Holdings AB, a newly established Saudi private oil group,has concluded an agreement to purchase Sweden's OK Petroleum for Swedish Kronor(SK) 9.5bn ($1.2bn). Corral, a Swedish registered company, is owned by theprominent Saudi businessman Shaikh Muhammad Husain al- 'Amudi. The company'sCEO, Dr. Ghazi Habib - a one-time director of marketing and subsequentlyplanning in Saudi Arabia's former...