‘Positive response’ from oil giants

RIYADH, 16 October — The Saudi negotiating team has received positive response from international oil giants picked to implement the Kingdom’s three core gas projects involving an initial capital investment of $25 billion, an informed source told Arab News. The Saudi team had made its final offer to ExxonMobil and Shell, which lead the three consortiums of companies given the task of carrying out the projects. — Omar Al-Zobaidy