VOL. XXX
NO. 6
17-NOVEMBER-1986
SAUDI ARABIA
Petronin and Hispanoil Sign 30,000 B/D Netback Deal
Saudi Arabia's Petromin and Spain's Hispanoil have reportedly signed aone-year 30,000-b/d crude supply deal on a netback price basis. Under the deal,which was finalized during a recent visit to Saudi Arabia by senior Hispanoiland Spanish government officials, the Spanish Ministry of Economy will beinvoiced for the crude and Hispanoil will allocate it to Spanish refineries.
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