NO. 19


Saudi Arabia

Saudi AramcoFails To Renew Processing Deal With Saras

Saudi Aramco hasfailed to renew the 30,000-50,000 b/d processing deal with the Italian refinerSaras which expired on 1 February. The deal, signed a year ago by Samarec beforeits takeover by Saudi Aramco in June 1993, was intended to alleviate domesticshortfalls in some refined products, particularly gasoline and gas oil. Theagreement was initially for one year, renewable, and Samarec was entitled...