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Texaco Inc might sell natgas field (r)
- Subject: Texaco Inc might sell natgas field (r)
- From: moe@xxxxxxxxxxxxx
- Date: Thu, 15 May 1997 16:54:00
Subject: TEXACO INC MIGHT SELL NATGAS FIELD OF BURMA
Tuesday May 13 2:19 PM EDT
Texaco Inc might sell natgas field off Burma
RYE BROOK, NY, May 13 (Reuter)- Texaco chief executive Peter Bijur said at
the company's
annual shareholders meeting that the company would consider selling its
Andaman Sea natural gas
stake offshore Burma.
"We have prepared financial data...including the possibility of a sale to a
third party," Bijur said.
Protestors have called for Texaco to exit Burma because of the country's
military dictatorship.