SAUDI ARABIA

TAHER EXPLAINS SAUDI POLICY ON REFINED PRODUCT SALES

Saudi Arabia's Petromin is currently selling gas liquids and refined petroleum products under two types of price arrangement - a government established price (GEP) for gas liquids, naphtha, fuel oil and marine diesel, and a Petromin posted price for middle distillates. Explaining Petromin's product sales policy in an interview in Jiddah with MEES Executive Editor Ian Seymour, Dr. Abdulhady Taher, Saudi Minister of...