VOL. XLIV

No. 29

16 July 2001

SAUDI ARABIA

Saudi Aramco Reduces AugustVolumes To Western Customers As Iraqi Exports Return

Saudi Aramco has told customersin the US and Europe that they will receive 4-5% less oil during August thanthey were allocated during July, MEES understands. The reduction isunderstood to be a move by the Saudis to cancel incremental exports deliveredduring June and July to compensate for Iraq痴 suspension of exports, althoughIraqi crude is not expected to be offered for...