VOL. XXX
NOS. 11/12
22/29-DECEMBER-1986
SAUDI ARABIA
Saudi Arabia Decides to Liquidate Norbec Stocks
MEES understands that the Saudi Government has taken a firm decision to selloff the oil stocks held outside the Kingdom on its behalf by the trading firm Norbec. The stocks in question which are held both in floating tanker storageand onshore tankage at various locations worldwide, including the Caribbean,Rotterdam, West Africa and Southeast Asia are reckoned to total approximately60mn barrels.
The...
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