VOL. XLIII

No. 10

6-March-2000

SAUDI ARABIA

Saudi Arabia And AOC: The End Of The Affair

The termination bell has now finally tolled for the Arabian Oil Company (AOC) of Japan’s concession for the Saudi half-interest in the Neutral Zone offshore oil and gas fields. The 40-year concession terminated on its legal expiry date of 27 February 2000 after long-running negotiations between the Saudi and Japanese sides had failed to reach an accord for a renewal of the concession agreement,...