VOL. XXXIII

NO. 10

11-December-1989

Saudi Arabia

No Indication of Saudi Willingness to Boost Countertrade Oil Deliveries toShell and BP

MEES understands that, in response to a query from British Aerospace, Shelland BP have indicated that they would in principle be willing to lift more Saudicrude than the present combined volume of 400,000 b/d (two-thirds for Shell andone-third for BP) to help bridge the current payments gap which has developedin the reimbursement schedule for the $23bn...