VOL. XLVI

No 46

17-November-2003

SAUDI ARABIA

Saudi Cabinet Approves Upstream Gas Projects

Saudi Arabias cabinet on 11 November approved 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, and authorized Oil Minister Ali Naimi to sign the deal with Shell, Total and Saudi Aramco on behalf of the government. Earlier in the month, the Supreme Petroleum Council (SPC) and the Shura Council had approved the agreement (...