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Europe Daily Bulletin No. 7749

1 July 2000
Contents Publication in full By article 27 / 42
GENERAL NEWS / (eu) eu/competition
Green light for joint venture between Phillips and Chevron

Brussels, 30/06/2000 (Agence Europe) - The Commission has seen no obstacle to the creation of a joint venture between the oil company Phillips Petroleum and Chevron Corporation, active in the energy and gas sectors. The two partners will give bring to the new company, which they will own on an equal basis and which should have an annual turnover of around USD 5.6 billion, all the stakes they hold throughout the world in the chemical industry. The activities of the parties in this sector are...

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