VOL. XXXIX

No. 43

22 July 1996

SAUDI ARABIA

Aramco Cuts Crude Supplies To FOB Buyers By 5% In Arabia August

Citing unusually high nominations from export customers, increased requirements for crude oil burned in the local electricity sector, and a surge in requirements from the Kingdom's foreign and domestic joint-venture refineries, Saudi Aramco notified regular monthly FOB lifters last week that their contract volumes would be cut back by an average of 5% for August. The reductions...