VOL. XLI

No. 23

8-June-1998

SAUDI ARABIA

New Production Accord Unlikely To Impact Export Of Aramco's Shaybah Crude

Despite the timing overlap, the export launch of Saudi Aramco's new Arab Extra Lightblend is unlikely to be impacted by a further round of OPEC/non-OPEC production cutsspearheaded by Saudi Arabia, Venezuela and Mexico and planned for 1 July (see lead story).Like the cutbacks imposed last April, Saudi Arabia's July output reductions are expectedto be comprised of grades further down...