Spain's Cepsa Signs for 100,000 b/d Saudi Crude Supply Contract
MEES learns that the Spanish refiner Cepsa has signed with Saudi Arabia for acrude supply contract for 100,000 b/d. This is double the 50,000 b/d volumeunder the previous contract. The new contract is for only two months' duration,April and May, in the first instance. Cepsa is understood to have agreed toupgrade its contract to 100,000 b/d in order to meet the Saudi precondition thatterm...