VOL. XXXII

NO. 49

11-SEPTEMBER-1989

SAUDI ARABIA

Saudi Arabia Leases Storage Facility in the Caribbean

Saudi oil authorities have concluded a five-year lease agreement with theCalifornia-based trader and terminal operator Wickland Oil for a 4.2mn barrelscrude oil storage facility on Aruba in the Netherlands Antilles, MEES understands. The purpose of the accord is to facilitate sales of Saudi crude to theUS on a short-haul or out-turn basis. The Aruba storage is located at a formerExxon-owned...