VOL. XLV

No 11

18-March-2002

SAUDI ARABIA

Gas Initiative Negotiations Reach Critical Stage

Saudi Arabia and theinternational oil companies (IOCs) involved innegotiations for the planned Natural Gas Initiative have separately indicatedthat negotiations between the two sides have reached a critical stage. Eachparty appears to believe that it has given way all it can in the talks, with anumber of key issues still unresolved. Implementation Agreements for the threeCore Ventures (CVs) in the...