NO. 36


Financial and Banking News

Financial Issues

Amoco Receives $90mn as Part of Sharjah Debt Settlement

Amoco Sharjah Oil Company, a subsidiary of Amoco Corporation of the US, hasbeen paid $90mn in respect of natural gas delivered by the company since 1983.The payment, which was announced by Amoco Corporation, was made by the EmiratesGeneral Petroleum Corporation (EGPC). In May the Central Bank of the UAE, actingon behalf of the Abu Dhabi Government, paid about Dh1.2bn...