Issue 22
Oil News
- Abu Dhabi Adjusts Equity Margins
- Abu Dhabi Still Experiencing Marketing Difficulties, Says Otaiba
- Japanese Buyers Expected to Reduce 1985 Abu Dhabi Crude Liftings by 25%
- Upper Zakum Crude Price Reduced to $27.50
- AREC/Fluor Win Abu Dhabi Contract
- Syria to Build Pipeline Linking New 50,000 b/d Discovery to Mediterranean Trunkline
- IEA Economist Again Warns That New Oil Must Be Found
- Algerian and Libyan Oil Ministers Visit Saudi Arabia
- Hodel Calls on OPEC to Align with Market Price Level
- Chiyoda Wins Letter of Intent for Luberef 2 Project
- Prince Muhammad ibn Fahd Appointed Amir of Eastern Province
- Cypriot Tanker Attacked
- Gharazi Says Iran's Oil Production Capacity Is 3.5mn b/d
- New Government in Kuwait
- KOTC Plans to Convert Two Crude Carriers
- Elf Aquitaine Acquires 30% Stake in KUFPEC/IEDC Concession in Tanzania
- Intoil Purchases Stake in American Oil Firm
- Oman Sold Out for 1985
- Qatar Lines up 1985 Contracts
- GCC-EEC Hold Second Round of Exploratory Talks
- Arab Joint Venture Fertilizer Plant to Be Set Up in Turkey
- Turkey to Import Crude from Iran, Libya and Iraq
Financial & Banking News
- Lebanese Reserves Virtually Exhausted
- BIB Restores Profitability and Plans Investment Banking Role
- Arab Bank Group's Profits Stagnate
- Samba's Profits Drop 22%
- BBK Posts Asset Decline
- Gulf Riyad Earnings Improve
- UBAF Bank Increases Profits 16.5%
- 1985 Algerian Budget Projects 8.4% Fall in Oil Revenues
- ADB Lends $257mn to Egypt, Mauritania and Sudan
- IDB Lends $11mn to Turkey and South Yemen
- IFAD Lends Malawi and Paraguay $21mn
- France Lends Jordan $64mn
- US Provides $36mn in Grants and Aid to Sudan