VOL. XXXV

NO. 37

15-JUNE-1992

Saudi Arabia

Saudi Aramco Leases Amerada Hess Storage Capacity at St. Lucia

The Saudi Arabian Oil Company (Saudi Aramco) has concluded an agreement withAmerada Hess to lease 3.5mn barrels of crude oil storage capacity on theCaribbean island of St. Lucia. The agreement follows the Saudi decision not torenew the lease arrangement with International Dunraine of Toronto for thelatter's 5.2mn barrels Burmpac terminal on Grand Bahama island in the Caribbean.Last December...