VOL. XLII

No. 09

1-March-1999

SAUDI ARABIA

Saudi Arabia Scales Back Oil Allocations For Yamamah DefenseScheme

The Saudi Governments decision to scale back the volume ofcrude oil exports whose sales receipts are allocated for the funding of theal-Yamamah defense deal between Saudi Arabia and Britain to 400,000 b/d fromthe previous 600,000 b/d as from January 1999, is in itself neither untowardnor unexpected. A Saudi decision to this effect, which was confirmed by aspokesman for the prime...