NO. 42


Saudi Arabia

Saudi Arabia to Provide Turkey with Extra $1bn in Free Crude Oil

The Turkish Foreign Ministry announced on 17 July that Saudi Arabia willprovide Turkey with $1bn in free crude oil which will be used to financeTurkey's military modernization plans. "The amount to be saved by gettingoil will be diverted to Turkey's defense spending," Foreign Ministryspokesman Murat Sungar said. The free crude oil is Saudi Arabia's donation to aTurkish defense fund towards...