TAHER OUTLINES FINAL PRICE GUIDELINES FOR PETROMIN REFINED PRODUCT SALES CONTRACTS

Saudi Arabia's Petromin now plans to give an approximately equal weighting to spot market netbacks and a term-oriented Government Established Price (GEP) in the price formula for its impending long-term sales contracts for refined product exports, according to Saudi Minister of State and Governor of Petromin, Dr. Abdulhady Taher. In an interview with MEES Executive Editor Ian Seymour, Dr. Taher said that...