NO. 37


Saudi Arabia

Aramco Third Quarter 1994 LPG Contract Extensions

MEES understands that two of Saudi Aramco's eight semi-term LPG customershave elected to let their contracts lapse following the company's "take itor leave it" offer to extend first-half 1994 LPG tenders through thethird quarter (MEES, 30 May). While Aramco remained steadfast in its insistence that the contracts be rolled over at therelatively high $10-16/tonpremiums over official Saudi prices set when...