Middle East Economic Survey

VOL. XLIX

No 14

3-April-2006

SAUDI ARABIA

Saudi Arabian Texaco Seeks PNZ Concession Extension/Renewal

Saudi Arabian Texaco, a Chevron subsidiary, is actively seeking an extension or renewal of its 60-year concession that expires in 2009 to produce oil from onshore properties in the Partitioned (Neutral) Zone (PNZ), the company said in its report on 2005 to the US Securities and Exchange Commission. Saudi Arabian Texaco has the right to Saudi Arabias 50% undivided...