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Saudi buys fuel oil
- Saudi Arabia: Saturday, September 02 - 2006 at 16:23
Saudi Aramco has bought two cargoes of fuel oil, the first time the kingdom has ever done so, reported Gulf News. The kingdom has ordered 160,000 tonnes for August and September deliveries, in order to meet domestic consumption. An expert said that Saudi has simply scaled back its own production in the face of a depressed market and so it makes sense to buy what it needs.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, September 02 - 2006 at 16:23 UAE local time (GMT+4)
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This article was updated on Tue Sep 19 2006.
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