The Crittenden Automotive Library

Topics: Shell, Pennzoil, Quaker State

Announced Actions for May 23, 2003

Agency: Federal Trade Commission
Date: 23 May 2003
[Non-automotive content removed.]

The Commission has received an application for approval of proposed divestiture from Shell Oil Company (Shell Oil) and Pennzoil-Quaker State Company (Pennzoil). The application was submitted pursuant to the terms of the 2002 FTC decision and order relating to Shell Oil's acquisition of Pennzoil. Through the application, which is available on the FTC's Web site as a link to this press release, the companies have requested Commission approval of the proposed divestiture of the "Pennzoil Excel Paralubes Interest" (as that term is defined in the order) to Flint Hills Resources, LP, a wholly owned subsidiary of Koch Industries Inc.

The Commission is accepting public comments on the proposed divestiture for 30 days, until June 23, 2003, after which it will decide whether to approve the transaction. Comments should be submitted to: FTC, Office of the Secretary, 600 Pennsylvania Ave., N.W., Washington, DC 20580. (Docket No. C-4059; staff contact is Daniel P. Ducore, Bureau of Competition, 202-326-2526; see press release dated September 27, 2002).

Copies of the documents mentioned in this release are available from the FTC's Web site at http://www.ftc.gov and also from the FTC's Consumer Response Center, Room 130, 600 Pennsylvania Avenue, N.W., Washington, D.C. 20580. Call toll-free: 1-877-FTC-HELP.

Media Contact:

FTC Office of Public Affairs
202-326-2180