SAUDI ARABIA

More Netback Deals for Saudi Arabia

Saudi Arabia has signed four more crude oil sales deals with prices based on netbacks from refined product realizations in relevant markets, MEES understands. The four new contracts - with Motor Oil Hellas of Greece, Spain's Compania Espanola de Petroleos S.A. (CEPSA), Italy's Raffineria Edoardo Garrone (ERG), and Champlin Petroleum Company of the US - are for an aggregate of 235,000 b/d which, according to MEES calculations, brings...