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Europe Daily Bulletin No. 7651

9 February 2000
Contents Publication in full By article 34 / 59
ECONOMIC INTERPENETRATION / (eu) chemicals

The American oil groups CHEVRON CORP and PHILLIPS PETROLEUM CO have announced the merger of their chemical activities in a 50-50 joint venture. The new undertaking, whose name has not been decided yet, will be a world leader in petrochemicals with estimated assets of EUR 6.1 billion and turnover of USD 5.7 billion.

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION