VOL. XLVI

No 2

13-January-2003

Text Box: Contents Include:   ENERGY (A)   UN/Iraq Tension Spooks Market, 2 Venezuela Oil Industry Decimated, 3 Venezuelan Strike Hits OPEC Output, 6 Algeria Hydrocarbon Law Shelved, 7 BP Progress On Algeria Projects, 7 Project Kuwait: Old/New Obstacles, 8 PDO’s Investment $1.5Bn/Y By 2007, 10 Iraq 2002 Oil Exports, 12 Qatar Privatizes Power/Water Sector, 14 PDVSA East/West Split Plan, 14 Saudi Crude Prices Raised, 15 Arab Gas Pipeline Institutions Set Up, 19     FINANCE (B)   Lebanon’s Macroeconomic Challenge, 1 Syria’s 2003 Budget, 3 Palestine’s 2003 Budget, 5 ELNG Finance Progress, 7 Gulf Air Cash Boost, 8       POLITICS (C)   Blix: No Smoking Gun, 1 Blair’s Conference Bites Dust, 1   Arab Press Review, 2     OP ED & DOCUMENTS (D) Fezzani on Tunisia Hydrocarbon Law, 1      

Crude Oil Formulas/Posted Prices ($/B)

OPEC Basket

Spot Quotations for the OPEC Reference Basket ($/B)

Sahara Blend

Minas

Bonny Light

Arab Light

Dubai

T.J. Light

Isthmus

Basket*

Brent

WTI

Jan 02

19.64

18.88

19.65

18.83

18.54

15.37

17.42

18.33

19.48

19.71

Feb 02

19.73

18.91

20.30

19.47

19.02

16.05

18.74

18.89

20.22

20.67

Mar 02

22.84

22.92

...