VOL. XXXVII

NO. 2

11-OCTOBER-1993

SAUDI ARABIA

Saudi Aramco Cancels Contract For Expansion Of Jazan Terminal

The Saudi Arabian Oil Company (Saudi Aramco) has cancelled a SR600mn ($160mn) contract for the expansion of the Jazan terminal on the Red Sea which was awarded to Saudi Archirodon by the Saudi Arabian Marketing and Refining Company (Samarec) before the latter's merger into Saudi Aramco in June, according to the Jiddah economic daily Al-Eqtisadiah of 4 October. Quoting a Saudi...