SAUDI ARABIA

Oil Barter May Not Figure in Saudi-British Aircraft Deal 

Despite widespread press speculation that Saudi Arabia plans to pay at least partly in oil for its projected $4bn purchase of British aircraft and weapons, it is possible that oil barter may not figure at all in the deal.

MEES understands from well placed Saudi sources that oil barter is not so far a component in the deal, and there is a good chance that it may not form part of the payments agreement at all when...