VOL. XLV

No 21

27-May-2002

SAUDI ARABIA

Conocos Dunham Upbeat AboutCV3 Prospects In Gas Initiative

The Chairman and CEOof Conoco, Archie Dunham, on 21 May gave anoptimistic assessment of the prospects for Core Venture (CV) 3 one of threeCVs in the proposed Saudi Natural Gas Initiative. Over recent weeks there havebeen indications that talks between the international oil companies in thethree consortia and Saudi negotiators are facing problems with differencesover the rate of return and the...