VOL. XLVII

No 04

26-January-2004

SAUDI ARABIA

Saudi Shura Council Ratifies Russia Energy Cooperation Accord

Saudi Arabias Shura Council on 21 January ratified the five-year oil and gas cooperation agreement signed with Russia last September (MEES, 8 September 2003). In August last year, the Saudi cabinet authorized Oil Minister Ali Naimi to sign the cooperation agreement (MEES, 18 August 2003) which is aimed, among other things, at simplifying the procedure for forming joint ventures for oil and...