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FINA PRESIDENT RESPONDS TO PRESS REPORT

 FINA PRESIDENT RESPONDS TO PRESS REPORT
 DALLAS, Nov. 10 /PRNewswire/ -- FINA, Inc. (AMEX: FI), in response


to a recent press report, today reaffirmed their statement of a few months ago, making clear that their negotiations with a Saudi Arabian group regarding a potential downstream joint venture have not been completed. "It is not yet a done deal," said FINA President and Chief Executive Officer Ron W. Haddock.
 "While we and our potential partner are working hard to progress the deal, there still are significant steps to be completed. We have set a deadline of the end of the year to make a decision regarding the venture," said Haddock.
 -0- 11/10/92
 /CONTACT: Mark Palmer of FINA, Inc., 214/750-2900/
 (FI) CO: FINA, Inc. ST: Texas IN: OIL SU:


WB -- NY096 -- 9428 11/10/92 16:22 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 10, 1992
Words:138
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