VOL. XLIII

No. 08

21-February-2000

SAUDI ARABIA

King Fahd Authorizes Supreme Council To Award Contracts For Gas Exploration And Production

King Fahd issued a Royal Edict on 15 February authorizing Saudi Arabias Supreme Council for Petroleum and Mineral Affairs to decide on activities concerned with exploration, drilling and production of gas and other hydrocarbons, with the exception of oil. The authorization extends to approving agreements and contracts with specialized companies (see full text...