VOL. XLVI

No 51/52

22/29-December-2003

Text Box: Contents Include:   ENERGY (A)   SOMO Floating LPG Storage Plans, 3 Halliburton Charges Concern Bush, 3 Demand Keeps Prices Buoyant, 6 Fresh Azadegan Deadline Passes, 7 Iran Signs Extra IAEA Protocol, 8 Khelil Sees Slow Euro-Med Progress, 10 Algeria Awards Five Blocks, 11 Apache To Develop West Med, 14 New Head For Sytrol, 18 Borouge To Expand Ruwais Plant, 18       FINANCE (B)   Saudi 2004 Budget Sees $8Bn Deficit, 1 Creditors Pledge Iraq Debt Reduction, 5 Qatargas-2 Financing Moving Ahead, 6 Sohar Refinery Loan Signing, 6 Jordan's Samra Financing Deal, 7       POLITICS (C)   Saddam Captured, 1 Sistani Wants UN Vote Decision, 1 Sharon Threatens To Act Unilaterally, 2       OP ED & DOCUMENTS (D)   Meling On Oil Supply Growth, 1    

IRAQ

SOMO Plans Floating LPG Storage In Gulf As Product Shortages Worsen

As part of its effort to deal with product shortages in the country, SOMO has signed a contract with OAPEC-sponsored Arab Maritime Petroleum Transport Company (AMPTC) to provide an LPG floating storage in the northern Gulf off the Iraqi coast, MEES learns. The agreement involves AMPTC on 28 December anchoring a 42,000 ton tanker in the deep waters off Khor al-Zubair port to be used as a...