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October 4, 2002 Friday Rajab 26, 1423

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S. Arabia assures of oil facility



By Our Staff Reporter


ISLAMABAD, Oct 3: Pakistan has been assured to continue receiving annually $800m to $1 billion oil facility from Saudi Arabia.

Informed sources said here on Thursday that Saudi Arabia which was providing oil roughly worth $1 billion annually on deferred payment will continue to offer this facility in future.

However, this year the government was expecting more than $1 billion Saudi oil facility. Pakistan has been getting this facility since 1998 when it decided to go nuclear.

Sources said that Saudi Arabia has also assured to offer preferential treatment in case US government decided to attack on Iraq. “We will get uninterrupted Saudi oil in any emergency and too on deferred payment”, a source said.



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