Middle East Economic Survey

VOL. LI

No 14

7-April-2008

SAUDI ARABIA

Saudi Arabian Texaco Continues PNZ Concession Extension Negotiations

Saudi Arabian Texaco, a subsidiary of Chevron, is continuing with negotiations to extend the 60-year concession agreement to produce oil from onshore properties in the Partitioned (Neutral) Zone (PNZ), which ends in 2009, the company said in its report on 2007 to the US Securities Exchange Commission. The company announced in 2006 that talks were under way (MEES,...