VOL. XLVI

No 41

13-October-2003

SAUDI ARABIA

Shell, Total And Saudi Aramco Await SPC Approval For Gas Joint Venture Agreement

Shell, Total and Saudi Aramco have completed the details of a final agreement to set up a joint venture to carry out gas exploration in a 200,000 sq km area in the south of the Rub'i al-Khali, some of which had been assigned to Core Venture 3 (CV3) of Saudi Arabias Natural Gas Initiative (NGI), MEES learns from industry sources. While an agreement has been finalized...