SAUDI ARABIA

Greece Signs for 1mn Tons of Saudi Crude

Saudi Arabia's Petromin in 1985 will supply 1mn tons of Saudi crude - 500,000 tons of 34° API Arabian Light ex-Yanbu on the Red Sea, and 500,000 tons of 27° API Arabian Heavy ex-Ras Tanura - to the state-owned Hellenic Aspropyrgos Refinery of Greece, under a $200-220mn contract signed last week in Riyadh. The official sales price of Arabian Light ex-Yanbu currently stands at $28.25/b and that of Arabian Heavy ex-Ras Tanura...