Issue 19
Oil News
- OPEC Production Dropped To 24.64Mn B/D In January
- Clinton Rules Out Time Frame For Determining Iraq's Compliance With UN Monitoring Resolution
- Saudi Arabia Hikes March Formula Prices
- OPEC Basket Price Recovers Slightly To $13.67/B In January
- Abu Dhabi And Oman Raise Crude Prices By $1.10-$1.20/B
- Finally, Some Good News On The Demand Front
- QGPC Reconsidering Policy On New Grassroots LNG Projects
- Qatargas Awards Onshore Gas Facilities Contract To Toyo
- Iranian Output Down Below Quota In January
- Iran Discloses Big New Offshore Gas Discovery
- Arak Petrochemical Complex Inaugurated
- Andarko Registers Second Oil/Gas Find In Algeria
- No Movement On Producer Consultations Front
- Arrieta Appointed New Venezuelan Energy Minister
- Saudi Aramco Finalizes Philippine Refinery Purchase
- SABIC Consolidates SAFCO And Ibn Al-Baytar Operations
- Saudi Aramco Fails To Renew Processing Deal With Saras
- Vela Takes Delivery Of Mirfak Star As NKK Commissions New Carrier
- Saudi Aramco Raises February LPG Prices
- Adgas Completes Third LNG Train On Schedule
- Egypt Drops INA From Consortiums For Two Prospective Concessions
- Egypt Adds 2,500 Megawatts To Generating Capacity
- Shell/Deminex Group Set To Acquire Total's Relinquished Bishri Concession
- IPL To Commission Oman's Offshore Bukha Field By Mid- February
- KOC Invites Tenders For The Construction Of Two SBMs
- Badri Retains Energy Portfolio In Cabinet Reshuffle
Financial & Banking News
- Saudis Agree Rescheduling Terms With US Defense Suppliers...But Many Financial Questions Remain To Be Settled
- Agriculture Accounts For 90% Of All Saudi Water Consumption
- Iranian Parliament Budgets Oil Revenues At $10.15Bn As Debt Problems Loom
- Libya Faces Up To Challenge Of Low Oil Prices
- Oman Holds Back Spending Across The Board To Reduce Budget Deficit
- US Treasury Lifts Sanctions Against Arab Financial Services
- Kuwait To Pay DM280Mn As Part Of Metallgesellschaft Rescue
- National Bank Of Kuwait Posts 22% Increase In Profits
- Saudi Cairo Bank Issues First Dividend Since Early 1980s