VOL. XXXI

NO. 45

15-AUGUST-1988

SAUDI ARABIA

Saudi July Production Reported as 4.6mn b/d

Saudi Arabia's crude oil production averaged around 4.6mn b/d for July, according to industry sources. Output is also expected to stay high in August, as Saudi Arabia continues its build-up of overseas stocks which are reportedly mainly in- tended to service its impending deal for the acquisition of a 50%stake in Texaco's refining and marketing operations in 23 eastern and Gulf Coaststates in the US (MEES, 20...