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.