SAUDI ARABIA
BP and Shell to Raise Saudi Wetback Liftings to 300,000 b/d to Help Offset Saudi Purchase of British Warplanes
Oil will play a significant role in the generation of funds to enable Saudi Arabia to pay the estimated $7bn required for its purchase of 132 aircraft from Britain, contracts for which were finalized in Riyadh on 17 February. MEES understands that, under the prompting of the British Government, BP and Shell are to increase their Siftings of netback-priced crude...
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