More Netback Deals in Saudi Arabia

Three more crude oil sales deals priced on the basis of netbacks from product realizations have been concluded by Saudi Arabia, MEES hears from oil industry sources. The deals in question are reported to have been finalized with Neste Oy of Finland for 100,000 bid, West Germany's Veba for 100,000 b/d, and Motor Oil Hellas of Greece for 100,000 b/d. The agreements are for three months, renewable, with effect from 1 November 1985.

Neste Oy...