WoodMac sees synergies for Total Fina combo

Wood Mackenzie Consultants Ltd., Edinburgh, sees the proposed merger of France's Total and Belgium's Petrofina SA as generally complementary (OGJ, Dec. 7, 1998, p. 37). The companies will have a little overlap that needs to be dealt with, says the analyst, but "overall, the assets look complementary." The merger puts the new company into the second tier of international petroleum companies, alongside the likes of Chevron Corp. and Texaco Inc., says Wood Mackenzie.