Saudi Oil Grant to Help Turkish Military
Saudi Arabia will give Turkey $1bn of free oil over the next five years tohelp establish a fund for the modernization of the Turkish militaryestablishment. A message to this effect was sent from King Fahd of Saudi Arabiato President Turgut Ozal of Turkey. According to the head of the TurkishPetroleum Refineries Company (Tupras), Mr. Mehmet Savran, Turkey will draw onthe Saudi oil in $200mn tranches over the next...
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