NO. 11


Kuwait/Saudi Arabia

Texaco Says Neutral Zone Production Now Stands At 100,000 B/D

Texaco Inc. announced on 7 December that crude oil production from thepartitioned Neutral Zone between Kuwait and Saudi Arabia currently stands at100,000 b/d and is projected to rise to 120,000 b/d in 1994. Output from theNeutral Zone last May was running at 68,000 b/d (MEES, 17 May). Speaking to agroup of financial analysts in New York, Texaco's Senior Vice President, Mr.Peter...