VOL. XLI

No. 50

14-December-1998

Saudi Arabia

Saudi Arabia Forms Committee To Review Oil/Gas Investment Proposals ByOil Companies

MEES learns from oil industry sources that Saudi Crown Prince 'AbdAllah has ordered the formation of a ministerial committee to review proposals forinvestment in oil and gas ventures in Saudi Arabia to be submitted by a selected number ofinternational companies. The committee will be composed of: Prince Sa'ud al-Faisal AlSa'ud (Chairman); the Minister of Oil, Mr. Ali...