VOL. XL

No. 29

21-July-1997

SAUDI ARABIA

Shell Oil, Texaco And Aramco To Merge Refining Business In US East And Gulf Coast

Shell Oil Company, Texaco and Saudi Aramco on 16 July signed a memorandum ofunderstanding (MOU) to merge their US refining and marketing businesses in the UnitedStates East and Gulf Coast regions. The deal will complement the Shell-Texaco agreementannounced last March to combine major elements of their Midwestern and Western US refiningand marketing activities and their...