NO. 16


Samarec Finalizes 300,000 B/D Of Product Sales for 1990

Saudi Arabia's Samarec has finalized term contracts for 1990 refined productssales totaling some 15.2mn tons (around 304,000 b/d) with the conclusion ofdefinitive contracts on 16 January.

The bulk of the contracts concluded so far are for deliveries from the Jubailand Ras Tanura refineries destined for Japan and other Far Eastern markets.However, contracts for clean products from the Yanbu' refinery on the...