NO. 44


Saudi Arabia

Nazer's Statement on Restructured Saudi/Ssangyong Joint Venture

The Saudi Oil Minister Mr. Hisham Nazer, has confirmed that the South KoreanGovernment has approved the downstream refining/marketing joint venture betweenSaudi Aramco and Ssangyong (MEES, 29 July). In a statement on 26 July, Mr. Nazercommented that "this is the second project which ensures the export ofpart of Saudi Arabia's crude output under the policy decreed by King Fahd ibn 'Abd...