VOL. XLIV

No 52

24/31-December-2001

SAUDI ARABIA

Agreements Signed For Shell/SRI ToBuy Texaco痴 Equilon/Motiva Interests For $3.9Bn

Texaco Alliance Trust announced on12 December that it had signed definitive agreements to sell Texaco痴 shares inthe Equilon and Motiva groups to Shell Oil, the US arm of Royal Dutch Shell,and Saudi Refining Inc (SRI) for $3.86bn. SRI is an affiliate of Saudi Aramco.Agreements in principle on the sales were reached last October (MEES, 15 October 2001). The assets in...