VOL. XXXII

NO. 6

14-NOVEMBER-1988

STATEMENTS ON SAUDI/TEXACO AGREEMENT

Official Press Release

(The following statement was issued jointly by the Saudi Arabian Oil Company and Texaco in London on 10 November.)

The Saudi Arabian Oil Company and Texaco Inc. announced today the signing ofa definitive agreement to form a joint venture partnership for refining,distributing and marketing petroleum products under the Texaco trademark inthe East and Gulf Coast regions of the United States.

The two parties...