VOL. XXXI

NO. 21

29-FEBRUARY-1988

SAUDIS PLAN NEW OIL TRADING FIRM

Saudi Arabia is planning to establish a new internationally operating oiltrading firm in the near future, MEES understands. The firm - to be known asthe Saudi International Trading Company - will be headquartered in New York andis conceived as a replacement for the previous trading arm Norbec, which hasbeen pretty much dormant for some time past. The new firm will be wholly ownedby Saudi Aramco via Aramco Overseas Company.

Industry...