SAUDI ARABIA

Petromin Seeks Nore Suitable Formula for Product Pricing 

According to Petromin's Manager for Administration and Finance, Mr. Saud Ounallah, the current pricing formula for products from Saudi Arabia's new export refineries based on spot indicators is inadequate and a new concept on product pricing is in order. Speaking at the Internation Herald Tribune/Oil Daily Conference on Oil and Money in the Eighties held last month in London, Mr. Ounallah observed that at...