SAUDI ARABIA

Thai-Saudi Crude Supply Negotiations Break Down 

Negotiations between Saudi Arabia and Thailand for a new long-term government-to-government oil supply deal to replace the previous three-year contract for 65,000 b/d of Saudi crude which expired in December, have apparently broken down. A recent Thai mission to Saudi Arabia, headed by Thailand's Foreign Minister, Mr. Sitti Sawetsila, reportedly sought to renegotiate a more flexible contract for some 30,000 b/d of Saudi...