VOL. XLIV

No. 25

18-June-2001

SAUDI ARABIA

Supreme Petroleum Council Approves Gas Strategy

Saudi Arabias Supreme Council for Petroleum and Mineral Affairs on 3 June approved a gas strategy for the kingdom prepared by the Ministry of Petroleum and Mineral Resources. The purpose of the plan is to meet local demand for gas and liquids until the year 2025 (MEES, 11 June). The council also approved the Preparatory Agreements with the international oil companies (IOCs) for the Saudi Gas Initiative. The...