VOL. XLII

No. 25

21-June-1999

SAUDI ARABIA

Saudi Arabia Embarks On Proceedings For Neutral ZoneOffshore Takeover From Japans AOC

A new and potentially decisive stage has apparently now beenreached in the long-standing negotiations between Saudi Arabia and the majorityJapanese-owned Arabian Oil Company (AOC) concerning the renewal of the lattersoil concession for the Saudi interest in the Neutral Zone offshore area when itexpires next February. MEES understands from Tokyo sources that AOC has...