NO. 36


Saudi Arabia

Nazer Denies Saudi Dissatisfaction with Japanese Proposal for JointVenture Arabia Refining

The Saudi Oil Minister, Mr. Hisham Nazer, has vigorously denied reports inPetroleum Intelligence Weekly that Saudi Arabia is dissatisfied with recentproposals put forward by Japan's Nippon Oil for a joint refining venture withSaudi Arabia. Mr. Nazer said that Saudi Arabia views the proposal as "afirst step in the right direction." The following is the text of a...