Middle East Economic Survey

VOL. LI

No 19

12-May-2008

SAUDI ARABIA

Chevron Eyes PNZ Zone Victory

Chevron and the Saudi Oil Ministry are close to agreeing an extension to the majors onshore Partitioned [Neutral] Zone (PNZ) concession which expires next year (MEES, 7 April). A Chevron source denied reports that a deal with Saudi Arabia had already been signed. No, we still have a lot to do, he said. But we are very positive about our proposals. A Kuwaiti source tells MEES that the extension would be...