VOL. XLII

No. 03

18-January-1999

Saudi Arabia: Oil Policy Options

There follows the text of a special report published in December 1998 by the Washington-based Petroleum Finance Company (Petro Finance) under the title "Saudi Arabia: Oil Policy Options Time to Choose: Market Share or Price Defense?"

Executive Summary

The collapse of the oil price in 1998 has brought the Saudi economy to the brink of financial crisis. Faced with diminishing revenues and growing domestic and external deficits,...