Annual report pursuant to Section 13 and 15(d)

ACCRUED LIABILITIES IN SAUDI ARABIA

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ACCRUED LIABILITIES IN SAUDI ARABIA
12 Months Ended
Dec. 31, 2014
ACCRUED LIABILITIES IN SAUDI ARABIA [Abstract]  
ACCRUED LIABILITIES IN SAUDI ARABIA
NOTE 14 – 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:

   
2014
   
2013
 
   
(thousands of dollars)
 
Termination benefits
  $ -     $ 43  
Lawsuit settlement
    495       -  
Other liabilities
    -       97  
                 
   Total
  $ 495     $ 140