Issue 02
Oil News
- UN Report Says Iraq Production Capacity Declining At 4-8% Annually; French Proposal To Ease Sanctions Embroiled In Security Council Politics
- Saudi Price Changes For February Turn Out Much As Expected
- Saudi Aramco Lowers January LPG Prices
- OPEC Basket Averaged $12.28/B For 1998, Down 34%; December Average Was $9.67/B
- Abu Dhabi, Oman And Qatar Cut Prices For December
- Kuwait Reduces February Price Formulas
- Nigerian Price Formulas For January
- Libya Raises January Price Formulas
- Egypt Reduces January Crude Formulas
- Yemen Increases February Crude Price Formulas
- Parliament And Government Lock Horns On Oil Issue In Kuwait
- Iranian Crude Exports Fall By 5.4% To Average 2.254Mn B/D For 1998
- Iraqi Exports Averaged 1.54Mn B/D In 1998
- Basrah Refinery Distribution Manifold Damaged In US/UK Bombing; Refinery Itself Unharmed
- Iraq And Jordan Renew Oil Agreement
- Elf Makes New Discovery In Offshore Block NC137
- New Oil Find For Repsol
- Egypts Foreign Upstream Developers Talk With IEC In Paris
- Naimi Says Oil And Gas Sector Investments Open To All
- Saudi Aramco Names New Board Members
- Alba Reports Record Production For 1998
- Azerbaijan Signs Production Sharing Agreement With Japanese Consortium
- Abu Dhabi Renews Board Of Directors Of IPIC
- Morocco Selects Bouygues Of France To Build Tangier Port
- Fourth Offshore Mediterranean Conference To Be Held In Ravenna In March
- Netback Values
Financial & Banking News
- Saudi Budget Reveals $12Bn Deficit But Few Surprises
- Bahrains Budget Deficit To Double In 1999-2000
- UAE GDP Falls 5.6% In 1998
- KIAs Badr Steps Down
- Thuraya Awards Mandate For $600Mn Loan
- EIB To Raise Share Capital To $82Mn
- S&P Assigns Qatar BBB+ Local Currency Rating And Affirms Foreign Currency Ratings
- And Assigns A- Long Term Rating To NBK
- Banking And Finance Oman: New Millennium, New Frontiers Conference And Money World 99