SAUDI ARABIA SIGNS WETBACK OIL SUPPLY DEAL WITH FRENCH FIRMS
MEES learns that Saudi Arabia has concluded a netback-priced oil supply deal with the two major French oil groups - CFP-Total and Elf/Aquitaine. The agreement, which was signed on 17 October, involves the supply of a total volume of 50,000 b/d of Saudi crude - half of which will be lifted by CFP-Total and half by Elf/Aquitaine - for a period of six months starting on 1 November 1985, with prices geared to a formula based on...
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