VOL. XXXIV

NO. 24

18-MARCH-1991

Saudi Arabia

Saudi Aramco/Total-CFP Joint Venture Still at a Preliminary Stage

Total-CFP of France has confirmed that it is currently negotiating with SaudiAramco on the possibility of setting up a joint venture for downstreaminvestments in refining and marketing facilities in Europe in general and Francein particular. According to a Total-CFP spokesman, these negotiations should beseen in the context of cooperation between oil consuming and producing countriesand...