NO. 25


Saudi Arabia

Cosmo and Nippon Oil to Conclude Direct Contracts for Saudi Crude Supplies

MEES understands that two new Japanese end-user refiners - Cosmo and NipponOil - have reached agreement with Saudi Arabia on direct term contracts forcrude supplies. Cosmo's contract, for 50,000 b/d, is due to be signed during thecoming week, with liftings scheduled to begin in April. The contract with NipponOil, also for 50,000 b/d, is expected to be signed some time later.