Look Oil wins a contract in Saudi Arabia; Abdullah Thanks Nayef for his efforts
Saudi Arabia-Russia, Economics, 1/27/2004

Saudi Arabia's crown prince Abdullah Ibn Abdul Aziz has extended yesterday a message of thanks to the minister of the interior, Prince Nayef, "over his exerted efforts and sacrifices which were the base for establishing security and calm" in the Kingdom.

Crown prince Abdullah said in his message which was quoted by the Saudi News Agency "When I write today for my brother, I thereby speak to every man carrying responsibility on his shoulder to maintain stability of the Kingdom and protect the internal front."

On the other hand, a Saudi official source announced yesterday that the Russian "Look oil" company got a contract for oil exploration and production in an area extending to 30,00 square kilometers in area (A), near Ghawar oil field, the richest oil area in the Kingdom, situated to the north of the empty quarter (al-Rabee al-Khali) to the south of Saudi Arabia.

The Saudi agency quoted the Saudi minister of oil and mineral resources Ali Ibrahim al-Nueimi as saying the Russian "Look oil company won" and signed the agreement providing for winning the bid and will be together with the Saudi "Aramco company found the exploration and production company in which the Saudi company will participate in 20%."

Al- Nueimi said that the Russian company competed for winning the contract with other European, American and Asian companies.

Previous Stories:
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  Saudi- Russian economic cooperation   (1/6/2003)
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