KARACHI, 17 July 2003 — Saudi Arabia has reduced its supply of free crude to Pakistan under a facility Islamabad has been enjoying since 1998, a senior Pakistan official told Dow Jones Newswires yesterday.
Abdullah Yousaf, secretary of the Ministry of Petroleum & Natural Resources, said Saudi Arabia would provide 60,000 barrels a day of free crude in 2003, down from 80,000 b/d last year.
The reduction is due to Pakistan’s improving financial situation, and comes as part of an annual review, Yousaf said. He was speaking by telephone from Islamabad.
