NO. 42


Saudi Arabia

OK Petroleum Buys Texaco's Retail Operations In Sweden

OK Petroleum (OKP), which was acquired earlier this year by a Saudibusinessman, last week purchased Texaco's Swedish retail operation TexacoMarketing AB (TMAB), in which OKP has had a 50% equity interest since 1989. As aresult, TMAB will become a wholly-owned subsidiary of the OK petroleum group.The $60mn purchase covers 400 Texaco stations, which will continue operations asbefore under the Texaco...