Update on Saudi

fyi
m
---------------------- Forwarded by Mike McConnell/HOU/ECT on 01/05/2001
02:48 PM ---------------------------

R._Casey_Olson@OXY.COM on 01/02/2001 07:39:39 AM
To: mike.mcconnell@enron.com
cc:
Subject: Update on Saudi

Mike,

My apologies for bothering you on your holiday. Dr. Irani has had the
opportunity to visit with HRH, the Foreign Minister on a couple of occasions
in the past week. We have been given a few insights that I would like to
share with you. The most significant is the suggestion that we request
permission from the Negotiating Team to begin discussions with the other
short-listed companies about possible consortium arrangements. We want to
make sure that Enron is comfortable with that at this stage. Our intent
would be to have very high-level contacts to guage interest but not to make
any commitments at this point.

Thanks and I look forward to hearing from you.

Best regards and I hope you had a great holiday,

Casey Olson