Issue 29
Oil News
- Iraq Plans To Raise Production Capacity To 3.5Mn B/D By End-2002
- Rumors Of Impending Lifting Of Surcharge Further Weaken Iraqi Oil Sales
- Venezuela Appoints Ramirez To Energy & Mines Portfolio
- EIA Reduces Venezuelan Production Capacity Estimate To 2.75Mn B/D
- Politics And Midwest US Stock Concerns Keep Crude Prices Strong
- Crude Oil Formulas/Posted Prices ($/B)
- EU Agrees Gas Supply Compromise With Norway And Russia
- IEA Predicts Strong Demand Growth In 2003 But Revises 2002 Figures Significantly Downwards
- Doubts Surround Regional Pipeline Reports
- Toyota To Start Marketing Fuel Cell Vehicle In US And Japan Earlier Than Planned
- Lukoil Enters Cyprus Petroleum Product Distribution And Retail Market
- Oman Oil/Dolphin Sign MOU For Gas Supply To Fujairah Power/Water Project
- Dubai Receives 800Mn CFD Of Gas From Abu Dhabi/Sharjah; No Talks With Iran
- Novus Awarded Onshore Ras al-Khaimah Exploration Block
- Third Phase Of Sharjah Gas Distribution Set For 1Q 2003 Completion
- Petroleum Product Distributors Request Price Rises
- Refinery Accidents Dented KPC’s Petroleum Products Output In 2000-01
- Qatargas Capacity Reaches 7.7Mn T/Y After First Debottlenecking Phase
- QP Sells Its Methanol Share From QAFAC To Mitsui For 4.5 Years
- QP Sells Its Methanol Share From QAFAC To Mitsui For 4.5 Years
- Turkish Government To Sell Remaining Shares In Petrol Ofisi
- Tupras Obtains Loans For Desulphurization Unit At Izmir Refinery
- Turkish Court Sentences Energy Officials For Corruption
- Russia Sets Limit To Nuclear Power Cooperation With Iran
- US Authorities File Suit Against Motiva For Delaware Refinery Blast
- SABIC To Export 100,000 T/Y Of MTBE To Iran
- Hyundai Wins $20Mn Haifa Power Plant Order
- Saudi Business/Investment Conference In Malaysia In September
- Mid East Power Generation Conference In Dubai In October
- 11th MPGC To Be Held In Dubai In April 2003
Financial & Banking News
- Qatar Banks See 2001 Profit Increase As Energy Project Lending Climbs
- NBK Reports $188Mn Profit For First Half 2002
- NCB Posts $374Mn Profits For First Half 2002
- Gulf Stock Markets Buoyant, Despite Global Slump
- NSCSA Posts $37.2Mn Loss For 2001
- Investcorp Sees Climb In Operating Earnings
- Hariri Rearranges His Holdings In Jordan痴 Arab Bank
- Bank Of Beirut To Begin Operations In Cyprus
- EIB Lends Tunisia €150Mn For Electricity Network Upgrade
- S&P Assigns Bahrain Investment Grade Sovereign Ratings
- IDB Loans $270Mn To Egypt For Oil Imports And Various Projects