VOL. XLVI

No 28

14-July-2003

SAUDI ARABIA

Saudi Arabia Moves To Tender Power, Water Plants As Last Ditch CV3 Talks Fail

Saudi Arabia has indicated it will launch international tenders for power and water projects worth $4.8bn in the next three months. The move, announced by Saudi Electricity Company (SEC) CEO Sulaiman al-Qadhi on 7 July comes as last ditch talks between the Saudi Ministry of Oil and Natural Gas Initiative (NGI) Core Venture 3 (CV3) lead company Shell have finally broken down.

MEES...