NO. 27


Saudi Arabia

Japan's Taiyo Oil Signs Long-Term Crude Contract With Aramco

Japan's Taiyo Oil Company Limited announced on 27 March that it had signed along-term contract with Saudi Arabia's Aramco for the purchase of 20,000 b/d ofArabian Super Light crude oil. The contract began 1 April and will be renewedannually on an evergreen basis. Taiyo first bought 900,000 barrels of ArabianSuper Light in November 1994 and again in February of this year. Aramcocurrently...