Al-Amoudi exits Swedish oil company, ending year-long sale process

Issue 1185 - 01 Mar 2024 | 2 minute read

In a $66.5m deal with Houston-headquartered Vaalco Energy, Saudi-Ethiopian businessman Mohammed Hussein Ali Al-Amoudi is selling Svenska Petroleum Exploration, his Sweden-based oil company that has been up for sale since bankruptcy proceedings were launched against Al-Amoudi’s Petroswede in early 2023

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