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Royal Dutch/Shell, the oil giant, to unify

The Times: Need to Know: Global Business Briefing: “Royal Dutch/Shell, the oil giant, is to unify the boards of its Dutch and British holding companies…”

Edited by Neelam Verjee

August 04, 2004

Royal Dutch/Shell, the oil giant, is to unify the boards of its Dutch and British holding companies as a “minimum” concession to shareholders who want change, according to a senior industry source.

Separately, a joint venture between state-run PetroChina and foreign energy firms, including Royal Dutch/Shell, has collapsed, ending the companies’ involvement in an $8 billion (£4.4 billion) gas pipeline traversing China.

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