TAHER SPELLS OUT SAUDI ARABIA'S NEW PRODUCT PRICING SYSTEM

Saudi Arabia is introducing a new market-oriented system for pricing the product output from and crude oil feedstock into its export refineries. Spelling out details of the new product pricing system in an interview with MEES Executive Editor Ian Seymour, Dr. Abdulhady Taher, Saudi Minister of State and Governor of Petromin, expressed the hope that these measures would enable Petromin and its foreign partners to expand the...