VOL. XXXI

NO. 35

6-JUNE-1988

SAUDI ARABIA

Kyodo Group Reportedly Renewing 60,000 b/d Contract with SaudiArabia

According to MEES sources in Tokyo, Japan's Kyodo Oil has reached agreementwith Saudi Arabia on the renewal of its contract for the purchase of 60,000 b/dof Saudi crude. Previously, renewal of the Kyodo contract had run into difficulties owing to Saudi Arabia's insistence on a minimum volume of 100,000 b/dto qualify for market-related price terms (MEES, 4 April). Liftings under therenewed...