VOL. XLV

No 46

18-November-2002

SAUDI ARABIA

Saudi CV3 Set To Take Off As Sides Prepare For Final Negotiations

Last week Shell submitted a mostly positive response to the final offer from the Saudi Ministerial Committee received on 5 September relating to the $5bn Saudi Gas Initiative Core Venture 3 (CV 3), opening the way for the project to go ahead once final modifications are agreed, MEES understands (MEES, 7 October). ExxonMobil as leader of the $15bn CV 1 has yet to submit a response to the...