VOL. XXXIII
NO. 5
6-NOVEMBER-1989
Saudi Arabia
Valero Contracts for 55,000 b/d of Saudi Residual Fuel Oil
The US firm Valero has signed a contract with Saudi Arabia's Samarec for thesupply of 55,000 b/d of high sulfur atmospheric residual fuel oil as feedstockfor its specialized refinery at Corpus Christi in Texas. The contract iseffective as from 1 November 1989 and extends through 1990, with the price basedon a formula related to residual fuel oil prices in the Arabian Gulf, Singaporeand...
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