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...
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