Annual report pursuant to Section 13 and 15(d)

ACCRUED LIABILITIES IN SAUDI ARABIA (Tables)

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ACCRUED LIABILITIES IN SAUDI ARABIA (Tables)
12 Months Ended
Dec. 31, 2015
ACCRUED LIABILITIES IN SAUDI ARABIA [Abstract]  
Accrued Liabilities in Saudi Arabia
The following liabilities represent amounts owed to the former CEO who retired in 2009.  Accrued liabilities in Saudi Arabia at December 31 are summarized as follows:

   
2015
   
2014
 
   
(thousands of dollars)
 
Termination benefits
 
$
-
   
$
-
 
Lawsuit settlement
   
-
     
495
 
Other liabilities
   
-
     
-
 
                 
   Total
 
$
-
   
$
495