GENERAL

Sale of Chevron Italiana to Private Arab Group Falls Through 

A basic agreement concluded last February (MEES, 4 March) for the sale of Chevron's refining and marketing facilities in Italy to First Arabian Corp. (FAC), a private Arab group headed by Lebanese financier Roger Tamraz, has fallen through. The collapse of the deal was announced by Chevron, which issued a statement in San Francisco on 20 May to the effect that the time limit mutually agreed upon for First...