VOL. XLIII

No. 25

19-June-2000

SAUDI ARABIA

IOCs Submit Questions On Saudi Gas Initiative

The international oil companies (IOCs) that have been shortlisted to bid for upstream and integrated natural gas projects (Gas Initiative) and downstream oil projects in Saudi Arabia have all submitted questions to the negotiating committee ahead of drawing up detailed proposals. The committee is likely to take a few weeks to complete its work, and once the IOCs receive answers, they will have six weeks in...