VOL. XXXII

NO. 6

14-NOVEMBER-1988

SAUDI ARABIA PLANS TO GO ALL THE WAY IN DOWNSTREAM INTEGRATION

MEES Editor Ian Seymour Reports on the Significance of the Texaco Deal forSaudi Oil Policy

At a quiet but celebratory ceremony at London's Hyde Park Hotel on 10November, Saudi Arabia finalized a giant step towards the fulfillment of what isnow the principal objective of its overall oil policy - namely the fulldownstream integration of the Saudi oil industry by means of joint ventures withpowerful...