No. 42

20 October 1997


Saudi Arabia May Triple Term Sales To China

Saudi Arabia may triple its term oil sales to China to 60,000 b/d in 1998, followingtalks last week in Beijing between the Saudi Minister of Petroleum and Mineral Resources,Mr. Ali al-Naimi, and Chinese Vice Premier Wu Bangguo. According to the Saudi PressAgency, Mr. Naimi discussed the possibility of "increasing China's imports ofSaudi crude oil in 1998 from 20,000 b/d to 60,000 b/d, in addition to spot...