Middle East Economic Survey
Saudi Aramco Abolishes Monthly LPG Tenders
Saudi Aramco has abolished the monthly tendering process on which it has based its LPG prices to contract customers since contract pricing for LPG was introduced by the company in October 1994. The company sent a letter to customers on 9 December informing them of the change. Previously Saudi Aramco would hold three tenders each month. These would be for 8,500-12,500 tons of...