Another gasoline merger proposed

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Shell Oil Co., Houston; Texaco Inc., White Plains, N.Y.; and Saudi Aramco, the oil business owned by Saudi Arabia, today announced plans to combine refining and marketing operations in the Eastern U.S. and Gulf Coast states. Texaco and Saudi Aramco already have a venture marketing Texaco-branded gasoline in the two regions. Shell and Texaco signed a similar deal in March for the Midwest and West. With regulatory approval, the new operation will continue to market gasoline under the Texaco and Shell brands.

Copyright July 1997, Crain Communications Inc.

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