Issue 10
Oil News
- PRICE WAR WARNINGS BY OPEC MINISTERS REFLECT CONCERN OVER MARKET SHARES
- OPEC MINISTERS WARN THAT PROPOSED SWITCH IN NORTH SEA OIL PRICING COULD LEAD TO PRICE WAR
- OPEC Ministerial Committee Agrees on Adjustment of Differentials
- OPEC Invites Four Observers to Geneva Conference
- IEA Revises Non-OECD Consumption Figures
- Ministerial Committee Continues reassessment of OAPEC's Future Plans MEES Executive Editor Walid Khadduri reports from Kuwait on the OAPEC Ministerial Conference:
- Attacks Continue Against Gulf Vessels
- Credit Facility in Prospect for Iraqi-Saudi Pipeline
- Petromin Selling Products by Tender Pending Conclusion of Term Contracts
- Saudi-European Petrochemical Joint Venture Set up; EEC Warned about Tariffs
- Refinery Output Running at over 700,000 b/d
- Iran and Yugoslavia Renew Oil Sales Agreement
- Placid Oil Acquires 60% Stake in Omani Concession
- New Syrian Discovery Expected to Yield 30,000-50,000 b/d
- Dubai Inaugurates Margham Field
- Record Output of 60,000 B/D from Sharjah's Saaga Field
- Ras al-Khaimah's Saleh Output Averages 10,000 B/D
- AISCO's Pellet Plant in Bahrain Inaugurated
- Sudan and Sigma International Set Up NOCS
- Jordan Reduces Fuel Subsidy in 1985 Budget and Raises Energy Prices
- Jordan to Raise Exploration Spending to $36mn in 1985
- US Eximbank Agrees to Provide Credit for Egypt's First Nuclear Power Plant
- API Says US Crude Stocks Below Last Year's Level
- OPEC Figures Put Output Below 17mn b/d in 1983
Financial & Banking News
- Lebanese Public Borrowing Approaches Ceiling
- Valuation Problems Beset Kuwaiti Company Results
- Sudan Bans Interest
- Increased Use of Arab Accounting Dinar Agreed
- Libya To Set up Investment Company With Malaysia
- BOG Doubles Capital
- Kuwait reviews Political Alignment of Potential Aid Recipients
- IDB Approves $43.6mn in Loans to Seven Countries
- Saudi Arabia Provides $33.5mn to the PLO and Mauritania
- ADB Lends Egypt $60mn
- West Germany Grants $1.5mn for Rural Development in North Yemen