VOL. XLV

No 47

25-November-2002

SAUDI ARABIA

Saudi Arabia Unhappy With Latest Gas Initiative Responses, Sets Year-End Deadline

Saudi Arabia is unhappy with the latest responses from international oil companies (IOCs) involved in negotiating the three core ventures (CVs) of the kingdoms $25bn Gas Initiative. The response from Shell, lead-IOC for CV3, fell below Saudi expectations, according to a report in al-Hayat on 20 November. Saudi sources cited in a Reuters report the same day described Shell...