VOL. XXXII

NO. 21

27-FEBRUARY-1989

SAUDI ARABIA-KUWAIT

Neutral Zone Offshore Production Tumbled by 28% in 1988

Japan's Arabian Oil Company (AOC) - which holds a 40% interest in theNeutral Zone offshore oilfields shared equally between Saudi Arabia and Kuwait -suffered major decreases in output, sales and profits in 1988, according to thecompany's recently announced 1988 financial results.

ADC attributed these results to the combined impact of lower prices in 1988as well as lower volumes,...