VOL.XXXIXNo. 455-August-1996

SAUDI ARABIA

Saudi Aramco Notifies Shell And BPThat It Will Take OverDirect Marketing Of Arms Deal Oil Sales At Year End

MEES understands that Saudi Aramco has formally notifiedShell and BP that at the end of this year it intends totake over direct marketing of 400,000 b/d of crude oil thatfor the past 10 years has been lifted and marketed by thetwo companies with the proceeds going to pay for arms salesunder a government-to-government deal between Britain andSaudi...