VOL. XLVII

No 13

29-March-2004

SAUDI ARABIA

Pakistan Says Deferred Payment Saudi Crude Import Deal Is Over

Pakistans Petroleum and Natural Resources Minister Nauraiz Shakoor Khan said on 18 March that a deal under which his country had been receiving 80,000-100,000 b/d of Saudi crude on deferred payment terms had expired at the end of January and would not be extended. The arrangement, which began in 1998, allowed Pakistan to pay 75% of the price up front and the rest at a later date (MEES, 20...