Saudi Arabia takes stake in Texaco downstream operations

In 1988 (1408/09 AH), the Kingdom of Saudi Arabia took a major step towards its objective of moving "downstream" in the oil business by purchasing a 50% stake in Texaco's petrol refining and retailing business in 23 eastern and southern states of the United States.

See also:

• Oil: Historical Background and Aramco
• Petromin
• Oil: Statistical Tables
• OPEC
• OAPEC

Main reference point:

• Oil

•  Home
•  Country Profile
•  Directory
•  Current News
•  Notice Board
•  Contact
•  To Advertise

Profile of Saudi Arabia

The Country Profile contains thousands of pages of information on every aspect of the Kingdom of Saudi Arabia, including its geography, history and development (political, economic and social).