VOL. XXXIX
No. 55
14-October-1996
SAUDI ARABIA
Proposed Shell/Texaco Merger In USA Would Encompass Saudi/Texaco Joint Venture
It has now been confirmed by the parties concerned that serious discussions are under way between three of the largest US oil refiners - Shell Oil, Texaco and Star Enterprise (a 50-50 joint venture between Texaco and Saudi Aramco) - on merging their US refining and marketing operations. The resulting venture would own some $10bn in refining and marketing assets and...
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