VOL. XLIII

No. 43

23-OCTOBER-2000

SAUDI ARABIA

Saudi Aramco And Shell Study Implications Of Proposed Chevron-Texaco Merger

Saudi Aramco and Shell Oil, the US arm of Royal Dutch/Shell, are in discussions with Chevron and Texaco following the announcement on 16 October of a planned merger to create a new supermajor ChevronTexaco Corporation. Saudi Aramco is concerned about the Motiva refining and marketing joint venture in the eastern US, where its partners are Shell and Texaco and it is...