SAUDI ARABIA
Petromin Cuts LPG Contract Volumes
Saudi Arabia's Petromin has notified its Japanese LPG customers that February deliveries of propane and butane will be cut by 60% of contracted volumes, following a 40% cut in January - a reduction which was actually greater than the 25% cut originally notified for January propane deliveries (with butane to be supplied in full). The cutback in January LPG deliveries to 40% suggests that Saudi oil production may have been even lower...
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