Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Conoco (COC) - The biggest U.S. IPO ever -- Ignore unavailable to you. Want to Upgrade?

To: Night Writer who wrote (90)	4/5/1999 2:16:00 PM
From: Night Writer	Read Replies (1) \| Respond to of 123

Marathon <MRO.N> offers Saudi oil, gas proposals RIYADH, April 5 (Reuters) - U.S. firm Marathon Oil on Monday presented Saudi Crown Prince Abdullah with a proposal on investment in the kingdom's oil and gas industry, the official Saudi Press Agency reported. It said Marathon's President Victor Beghini handed Prince Abdullah "a preliminary proposal on suggestions by the company and the possibility of its investing in the area of oil and gas in the kingdom." It did not give further details. The meeting took place in the western port city of Jeddah, a day after Beghini met Saudi Oil Minister Ali al-Naimi in Riyadh. Naimi also held talks on Sunday about oil and gas investment with Archie Dunham, the president and chief executive officer of Conoco Inc. <COC.N>, majority owned by U.S. chemicals giant Dupont <DD.N>. Dunham said last month his firm was finalising investment proposals for investing in the energy industry in Saudi Arabia, the world's biggest oil producer and exporter. Saudi Arabia has called for downstream oil investment, but has dampened hopes of upstream deals, which had been ignited after the crown prince met U.S. oil executives last year and called for investment in the kingdom's energy sector. ((Gulf newsroom, +971 4 607 1222, fax +971 4 626982, dubai.newsroom@reuters.com)) REUTERS