VOL. XXXIII
NO. 9
4-DECEMBER-1989
Saudi Arabia
Saudi Arabia Denies Considering Swapping Oil Reserves for DownstreamAcquisitions
The Saudi Oil Minister, Mr. Hisham Nazer, has issued a statementcategorically denying a press report to the effect that Saudi Arabia isconsidering swapping its oil reserves for downstream acquisitions. The text ofthe statement, issued on 27 November, is as follows:
"The story which was published in Petroleum Intelligence Weekly (27November 1989) which claims that Saudi...
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