VOL. XXXII
NO. 50
18-SEPTEMBER-1989
SAUDI ARABIA
US and Saudi Arabia Hold Preliminary Talks on Oil Lease
According to US government sources, the Saudi Arabian oil authorities haveproposed to Washington the possibility of leasing crude oil for storage in theStrategic Petroleum Reserve (SPR). The proposal was made on 14 September duringa meeting in Washington between Mr. Hisham Nazer, the Saudi Minister ofPetroleum and Mineral Resources, and his advisor, Prince 'Abd al-'Aziz ibnSalman Al Sa'ud, and...
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