Standard Oil Co and BP North AmericaInc said they plan to form a venture to manage the money market
borrowing and investment activities of both companies.
    BP North America is a subsidiary of British Petroleum Co
Plc &lt;BP>, which also owns a 55 pct interest in Standard Oil.
    The venture will be called BP/Standard Financial Trading
and will be operated by Standard Oil under the oversight of a
joint management committee.

 Reuter
