VOL. XXXVI

NO. 11

14-DECEMBER-1992

SAUDI ARABIA

Samarec Awards 1993 Product Sale Contracts

Saudi Arabia's Samarec is in the process of finalizing awards of its termcontracts for refined product sales for 1993. These cover some 4.7mn tons ofnaphtha, 1mn tons of kerosene and 11mn tons of fuel oil.

MEES understands that Samarec's 1993 naphtha sales contract awards comprisethe following:

- 2.5mn tons of A-180 naphtha from the Ras Tanura refinery, at a price ofbasic formula plus premium of $3.50/ton...