Government has reportedly agreed to give IOCs until november to conclude negotiations on the 'gas initiative'

摘要

According to the local press, which is the only source of information available about the negotiations going on between the Saudi authorities and the internation oil companies (IOCs) selected to carry out the three integrated gas projects (or Core Ventures -CVs) that call for total investments of us25 billion, the government has extended until November (the 1st or the 15th, depending on the source) the deadline for the IOCs to give their response to the latest Saudi proposals of which they were informed in September 9AOG, 16 Sept. and 1 Oct, 2002).