press release

Texaco Press Release - Texaco Makes Major Contribution to King Abdul Aziz Foundation for the Gifted


RIYADH, K.S.A., Sept. 12, 1999 - On behalf of Texaco Inc., Saudi Arabian Texaco, Inc. President Ahmed Awwad Al-Omer today presented a contribution of two million Saudi Rials to the King Abdul Aziz Foundation for the Gifted in a ceremony at the foundation's office in Riyadh. Dr. Mohamed Al-Rasheed, K.S.A. Minister of Education and Vice President of the King Abdul Aziz Foundation for the Gifted, received it on behalf of the organization.

"I am very proud to represent Texaco on this occasion," said President Al-Omer, "as we help underwrite the important work of the King Abdul Aziz Foundation for the Gifted in developing Saudi citizens and the nation. As a responsible corporate citizen, Texaco is committed to contributing to uplifting social institutions and to local communities wherever we do business. We are particularly gratified to make this contribution in light of Texaco's special relationship with the Kingdom, one which extends back more than six decades."

Operating in more than 150 countries, Texaco and its affiliates sponsor local programs in education, music-centered arts and culture, primary and preventive health care for children, environmental awareness, and economic development. In the Partitioned Neutral Zone, including the city of Khafji, Saudi Arabian Texaco supports educational programs in boys' and girls' schools, youth and other community programs, beautification efforts, facilities for handicapped persons, and other charitable causes. The company also contributes to institutions of higher learning in the Kingdom.

Texaco has had a unique relationship with the Kingdom of Saudi Arabia for more than 60 years, starting with its involvement with Aramco. Today the company operates on behalf of the Kingdom its interests in the petroleum resources of the onshore Partitioned Neutral Zone between the Kingdom and the State of Kuwait. In the United States, Texaco partners with the Saudi Refining Company and Shell in Motiva Enterprises, LLC, a leading petroleum refining and retailing company.

The King Abdul Aziz Foundation for the Gifted, a Saudi Arabian nonprofit organization, identifies and funds programs for gifted children in the areas of science, mathematics, the arts and sports.

Updated: September 1999