VOL. XXX

NO. 18

9-FEBRUARY-1987

ARAMCO MAJORS SIGN FIVE-MONTH FIXED-PRICE CONTRACT WITH SAUDI ARABIA

The four major companies of the Aramco (US) group Exxon, Texaco, Chevron andMobil have signed a contract with Saudi Arabia covering a total volume of 1.25mnb/d to be paid for at Saudi official prices. MEES understands that the contract,which was signed on 3 February, is for the five-month period February-June inthe first instance, and evergreen thereafter. During the initial five-monthperiod...