NO. 35


Saudi Arabia

Samarec Abandons Term Sales of Gas Oil

Saudi Arabia's Samarec has abandoned term sales of gas oil for 1991. In anotification to potential customers on 22 May, Samarec said that all availableproduction of gas oil would be used to meet Saudi local demand.

After initial tenders yielded offers which were considered too low, Samarechas asked potential buyers to submit new tenders for term contracts fordual-purpose kerosene (DPK) for the period June 1991 to...