VOL. XLIV

No 38

17-September-2001

SAUDI ARABIA

Shell And SRI Ready For Discussions On Purchase Of TexacosEquilon/Motiva Assets

Shell Oil, the US arm of RoyalDutch/Shell, and Saudi Refining Inc (SRI), an affiliate of Saudi Aramco, announcedon 9 September that they were ready to discuss the purchase of certain Texacoassets covered in the forthcoming Chevron/Texaco merger. On 7 September the USFederal Trade Commission (FTC) approved a consent order that will allow themerger to proceed, subject to...