VOL XXXI

NO. 20

22-FEBRUARY-1988

SAUDI ARABIA MOOTS US DOWNSTREAM VENTURE WITH TEXACO

The first fruit of Saudi Arabia's declared policy of overseas downstreamintegration now appears to be moving towards practical implementation.

The story surfacing in the media during the past week - in particular in areport in the International Herald Tribune on 18 February - has been that theSaudis are planning to buy a 50% interest in a substantial part of Texaco'srefining and products marketing network in the...