VOL. XL

No.24

16-June-1997

GCC

Gulf Oil Suppliers Look to China As Major Market Of The Future

Several leading Gulf oil exporters - notably Saudi Arabia, Iran andKuwait - have been holding talks with Chinese oil organizations over the past few weekswith a view to positioning themselves as top-line suppliers to China's rapidly growing oilimport market.

In Saudi Arabia, a letter of intent was signed in Dhahran on 10 Junebetween Saudi Aramco President Abd Allah Jumah and the President of the...