VOL. XLIII

No. 07

14-February-2000

SAUDI ARABIA

New Saudi Aramco Subsidiary For Neutral Zone Reported

Quoting informed sources at the Ministry of Trade, Saudi newspapers reported on 9 February that Saudi Aramco had formed a fully-owned subsidiary called Aramco for Gulf Operations and had formally registered it at the ministry. The new company is to take over the concession for the offshore oil and gas fields in the Saudi half of the Neutral Zone, in the event that no agreement is reached between...