VOL. XLII

No. 39

27-September-1999

OMAN

Novus Signs New LPG Sales Agreement For Bukha Concession

Australias Novus announced on 21 September that it hassigned a new LPG sales agreement for its Bukha concession offshore Oman with aRas al-Khaimah-based company. Novus said that the price of the LPG under thenew deal would be based on the Saudi Arabian contract price for propane andbutane and represented a 12% increase over Novus previous sales agreement witha Dubai-based company. It also said that...