VOL. XLIII

No. 07

14-February-2000

SAUDI ARABIA

Shell-Texaco-Saudi Aramco Joint Venture To Launch Internet Crude And Products Trading System

The US-based Equiva Trading Company joint venture between Shell Oil, Texaco and Saudi Aramco plans to invest $6mn in developing an internet oil trading system in a partnership with independent web-based dealing house Houston Street Exchange.

Equiva will take an undisclosed equity stake in the venture, which is anticipated to be ready for first trading during...