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SAUDI ARABIA - Focus On East Of Suez Markets.

Publication: APS Review Gas Market Trends
Publication Date: 13-OCT-03 		Format: Online - approximately 785 words
Delivery: Immediate Online Access

Article Excerpt
With the exception of OECD Pacific states, oil in east of Suez markets is still not heavily taxed. The benefits of relatively cheap crudes or oil products reaching these markets are felt quickly by the consumers. This is unlike the situation in the OECD region, where governments tax away any major fall in oil prices, be that for revenue or for environmental reasons. The US now is being urged to impose a special tax on gasoline as a major to finance Iraq's reconstruction. Taxes on oil products in the US are much lower than those in Europe or the OECD Pacific.

Saudi Aramco's long-term plan to expand its market shares east of Suez is offset somewhat...

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