VOL. XXXVI

NO. 18

1-FEBRUARY-1993

SAUDI ARABIA

Samarec's LPG Price Formula Is Working Well

Mr. M.D. Tusiani, Chairman and Chief Executive Officer of the New-York basedPoten & Partners, Inc., told the First Annual Middle East Petroleum and GasConference held in Dubai, UAE on 11-13 January that the 1992 Samarec liquefiedpetroleum gas (LPG) price formula is working well and will probably remain inforce for some time. He also said that LPG supply is likely "to remaintight for the next few years....