Shell seeking a refining partner

Monday 31 August 1998 23:02 BST

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ROYAL DUTCH/Shell yesterday said it was in talks with several big oil companies, including Texaco, about merging its European refining operations with a competitor.

The oil giant wants a merger to boost refining profits, which fell by 10 per cent in the second quarter of this year. Reports of full-blown merger talks with Texaco were dismissed as speculation.

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