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Business News of Saturday, 31 July 1999

Source: Reuters

Three groups in line for Ghana Oil Company

ACCRA, July 30 (Reuters) - Three groups are in line to buy Ghana Oil Company (GOIL), a state-owned fuel distributor, a senior company official said on Friday.

GOIL's acting general manager in charge of finance, Antwi Adjei, told the official Ghana News Agency that bids from France's Total (TOTF.PA), South Africa's Engen Oil and a management/worker buy-out team were being considered.