Published: 20 January 2000
Analyst(s): Randy Weston
SAP AG and Norwegian state-owned crude oil supplier Statoil are teaming up to form a global online marketplace for the Oil and Gas industry. SAP will provide the infrastructure with its mySAP.com software and will host the trading exchange. Statoil, the second largest supplier of crude oil in the world, is calling on some of its top suppliers to pilot the program. The marketplace will be open to all oil and gas companies regardless of what software they use or whether they are suppliers of Statoil.
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