VOL. XLVI
No 23
9-June-2003
SAUDI ARABIA
End Of The Road For Gas Initiative In Current Form
After two years of negotiations and many missed deadlines, the Saudi Natural Gas Initiative (NGI) on 5 June reached the end of the road in its current form. The lead international oil companies (IOCs) from Core Venture (CV) consortia 1 and 3 (ExxonMobil and Shell) on 4 June sent responses to an ultimatum received from Oil Minister Ali Naimi in May (MEES, 2 June). In that letter, Mr Naimi, in effect, asked...
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