VOL. XLV

No 23

10-June-2002

SAUDI ARABIA

Gas Initiative Talks EnterDecisive Stage

MEES understands that talks between Saudi Arabia and the international oil companies (IOCs)in the three Natural Gas Initiative consortia are entering a decisive stage. Inthe coming weeks the Saudi Ministerial Negotiating Committee and lead companiesfrom the consortia will be meeting to decide what compromises they can reachover outstanding issues dividing them in preparation for a possible agreement.In the coming...