VOL. XLIII

No. 03

17-January-2000

SAUDI ARABIA

Fate Of AOCs Neutral Zone Offshore Oil Concession Hangs In The Balance

The long-running saga of the negotiations between Saudi Arabia and Japan regarding the renewal of the Arabian Oil Company (AOC) concession for the Neutral Zone offshore oil and gas fields has now reached a decisive phase, as the expiry date for the AOC concession 27 February 2000 draws ever closer.

For the past year the negotiations on this issue have been divided into two...