Issue 12
Oil News
- OPEC ENDORSES WATCHDOG BODY TO MONITOR PRICE AND PRODUCTION DISCIPLINE
- OPEC Ministers See Agreement at Geneva as Only Option
- Mexico Holds the Line for January, but Warns that OPEC must Restore Discipline
- Malaysia and Brunei Announce Production Cutbacks in 1985
- Both Sides Keep up Attacks on Gulf Shipping
- Tenders Expected in New Year for Doubling Petroline Capacity
- Zamil Reiterates Saudi Displeasure with EEC Tariff
- Samad Producing at Design Capacity of 500,000 Tons/Year
- Egypt Keeps Oil Prices and Output Unchanged for January
- Domestic Consumption May Use Up all Oil Output in l99Os
- Terms of Concession Agreements with Esso, BP, Conoco and Getty
- Elf Relinquishes Onshore Concessions in Libya
- BP to Spud Second Exploratory well in Dubai Concession
- UAE and Algeria Sign Cooperation Agreement
Financial & Banking News
- ARINFI Takes Control of Arab Leasing Company
- IIC Plans Further Acquisitions
- Oman Credit Facilities Well Received
- Arab Funds Lend $242mn in Third Quarter of 1984
- OFID Lends $27mn to 12 Countries
- KFAED Lends $15mn to Three Countries
- SFD Lends $5mn to the Maldives
- Agfund Pledges Aid to Ethiopian Famine
- US Provides $267mn for Egyptian Development Project
- USSR Provides $408mn to South Yemen