VOL. XXXIV

NO. 31

6-MAY-1991

Saudi Arabia

Samarec Adjourns Negotiations on Some Product Contracts; Naphtha ContractsFinalized

Saudi Arabia's Samarec has adjourned negotiations on 1991 term contract salesof some refined products - notably jet kerosene, gas oil and cracked fuel oilfrom the Jubail refinery - until towards the end of May, even though theprevious contracts expired in March. This is apparently due to differences inprice ideas between Samarec and its mainly Japanese term buyers for these...