Bloomberg News

Saudi Arabia to Supply Full November Oil Supply to Asia Refiners

October 10, 2011

Oct. 10 (Bloomberg) -- Saudi Arabian Oil Co., the world’s biggest state-owned oil company, will supply full contractual crude volumes to Asian buyers in November, according to two regional refiners who received notification from the producer.

Saudi Aramco, as the company is known, will provide 100 percent of supplies sold under long-term contracts for a 24th month, according to the refiners, who declined to be identified, citing confidentiality agreements with the Middle East’s biggest producer.

--Editors: Paul Gordon, Ryan Woo

To contact the reporter on this story: Christian Schmollinger in Singapore at christian.s@bloomberg.net

To contact the editor responsible for this story: Paul Gordon at pgordon6@bloomberg.net


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