VOL. XXXIV

NO. 33

20-MAY-1991

Saudi Arabia

Reports of Japanese-Saudi Joint Venture Refining Persist Despite JapaneseDenials

Despite firm denials by the Japanese companies concerned, there still seemsto be quite a bit of life in Tokyo reports that proposals for a jointJapanese-Saudi refining and marketing venture are under negotiation between thetwo sides.

According to the Japanese newspaper Sanyo Shinbun, the Japanese companiessponsored by MITI - Nippon Oil, Nippon Mining and Kyodo Oil - are...