Issue 32
Oil News
- OPEC Pressures Mount As Crude Prices Remain Rangebound
- Ministerial Committee Meetings On Gas Initiative Inconclusive
- Trading Firms Accuse UN Of Purposely Depressing Iraqi Oil Sales
- OPEC/Russia Affirm Commitment To Market Stability
- Japan Confirms OPEC Meeting In Osaka On 19 September
- US Court Overturns OPEC Antitrust Ruling On Technicality
- Saudi Aramco Reduces September US Deliveries Prices, Little Change For Europe And Asia
- Crude Oil Formulas/Posted Prices ($/B)
- Arab States’ Energy Consumption Forecast To Rise To 9.2Mn BOE/D By 2015
- Pro-West Regime In Iraq Would Lessen Dependence On Saudi Oil, Says US Think-Tank
- EIA Reduces Near-Term Demand Forecast
- First Phase Of East-West Gas Pipeline Project Completed
- Chiyoda/Chiyoda Petrostar Win EPC Contract For SIPC’s Jubail Methanol Project
- Saudi-German Firm To Establish $213Mn Magnesium Plant
- BTC Company Established As Awards Made For Major Caspian Oil Pipeline
- Turkmenistan Approves Ambitious 2002 Oil And Gas Program
- Libya Ready ‘In Principle’ To Compensate Lockerbie Victims Following Visit By British Minister
- NPCC Wins Al-Khaleej Field North Development Contract
- Bechtel Awarded EPCM Contract For Alba Expansion Project
- Updated Feasibility Study For Zarqa Refinery Expansion Project
- INA Makes Second Gas Discovery In Palmyra
- Woodside-Led Consortium Spuds New Well In Mauritania’s Offshore Chinguetti Field
Financial & Banking News
- Egyptian Banks Manage Small Profit Increase In 2001
- Arab Bank Sees 5.3% Slip In Net Income For The First Half
- QNB Sees 17% Climb In Profit For First Half
- Transfers By Expatriates In Saudi Arabia Total $85Bn In 1996-2001
- Suez Canal Revenue Falls 3.6% In 2001-02
- KPC FY2002-03 Profit Forecast At $1.72Bn
- Draft Law Authorizes Foreign And Islamic Banks To Operate In Kuwait
- ABC And Citibank Arrange $50Mn Loan Facility For Tunisian Bank
- Dubal Signs Further $200Mn In Loans For Kestrel Project
- Saudi Share Index Rises 13.7% In First Half 2002
- Al-Watany Bank Of Egypt Plans To Offer $108Mn Worth Of Bonds
- AFESD To Take A Stake In Private Healthcare Company
- Turkey Signs 20-Year Water Supply Deal With Israel
- Dallah Al-Barakah To Invest $148Mn In Moroccan Tourism
- Qatar Finance And Investment Conference In September