VOL. XXXIV

NO. 33

20-MAY-1991

Saudi Arabia

No Agreement Reached Yet on Saudi Contribution to SPR

The meeting in Washington, D.C. on 13 May between Mr. Hisham Nazer, the SaudiOil Minister, and Mr. James Watkins, the US Secretary of Energy, did not reachany conclusion on a Saudi contribution to the Strategic Petroleum Reserve (SPR).A US-Saudi deal on Saudi oil deliveries to the SPR had been widely forecast inthe media prior to the meeting. It is understood that while progress has beenmade in the...