VOL. XL

No. 29

21-July-1997

SAUDI ARABIA

Gasoline Imports Up, But Rising Demand Only One Of Several Factors Behind RecentDeals

The recently announced agreement under which Saudi Aramco will import some 210,000 tons(1.8mn barrels) of gasoline from Ssangyong, the Korean refiner in which it has a 35%equity stake, is just the latest in a series of import arrangements concluded by the Saudifirm. Indeed, the Ssangyong deal, which is for one 35,000 ton cargo per month for sixmonths beginning in July,...