VOL. XXXIII

NO. 51

24-SEPTEMBER-1990

Saudi Arabia

Japanese Buyers Boost Term Contract Liftings from Saudi Arabia

Four Japanese buyers - Idemitsu, Cosmo, Kyodo Oil and Nippon Oil - haveboosted their Saudi crude liftings by a total of 130,000 b/d under newone-year term contracts starting on 1 October. Previously, the contractarrangements operated on a month-to-month evergreen basis. Meanwhile, a fifthJapanese customer - Mitsubishi Corp. - will, for the time being at least, becontinuing to operate...