VOL. XLVI

No 45

10-November-2003

SAUDI ARABIA

Saudi SPC Approves Upstream Gas Projects

Saudi Arabias Supreme Petroleum Council (SPC), in a meeting on 1-2 November, approved in principle an agreement covering a joint-venture project to carry out gas exploration in a 200,000 sq km area in the south of the Rub'i al-Khali. The SPC authorized the Minister of Oil to sign the agreement following its review by the Shura Council and the Council of Ministers. Shell, as leader of the consortium, will hold...