Issue 50
Oil News
- OPEC Raises Quota Ceiling By 1.3Mn B/D But Envisages Simultaneous Substantial Cut In Actual Output
- OPEC Production Slightly Lower In November
- The Iraq Crisis And Oil Geopolitics
- Lukoil Protests Cancellation Of West Qurna Oilfield Contract
- Iraq Calls For Higher Quota Than Iran’s, Not Parity
- Venezuela General Strike Brings Political Turmoil, Halt To Oil Production
- Crude Prices Boosted By Venezuela Strike And OPEC Supply Cut
- Saudi Crude Prices For January Mainly Reduced For West, Differentials Narrowed For Asia
- Crude Oil Formulas/Posted Prices ($/B)
- IEA Raises Current Demand Estimates But Further Reduces 2003 ‘Call On OPEC’
- EIA Outlook Predicts Oil Demand Rise Of 1.4Mn B/D In 2003
- CNOOC In Talks With PEDEC For Jufeyr Oilfield Buyback
- Azerbaijan And Kazakstan Hold Talks On BTC Pipeline Shipments
- Kazakstan Says Tengiz Dispute Resolved, But Talks Continue Says ChevronTexaco
- Greece Agrees To Purchase Azerbaijani Gas Starting 2006
- New Oil And Gas Minister For Turkmenistan
- Oxford Institute For Energy Studies Celebrates 20th Anniversary
- Eni Acquires 50% Stake In Union Fenosa’s Gas Business For €440Mn
- Gupco Starts Oil Production From Edfu Field At 10,000 B/D
- SABIC Signs Contract For Urea Supply To New Zealand
- ENOC Buys 20% Stake In Petronas Energy Philippines
Financial & Banking News
- Iran Launches Second Eurobond Issue Worth €375mn
- Lebanese Banks Agree To Buy $4Bn Zero-Interest Government Paper
- Cost Of US Occupation Of Iraq Would Be $75-500Bn, Reconstruction $25-100Bn
- Kazakhstan 2003 Budget Based On Oil Price Of $21.20/B, Azerbaijan On $19.50/B
- US Pledges $29Mn For Middle East Reforms Package
- IMF Welcomes Sudan’s Introduction Of Mechanism To Save Oil Revenue
- ISFB Addresses Key Requirements Of Islamic Finance Sector, Says Report
- Al-Azhar Ruling Approves Fixed Interest Banking
- Kuwait To Set Up Committee To Combat Money Laundering And Financing Of Terrorism
- Orascom Construction Industries Secures $156Mn For Algerian Cement Works
- Fitch Downgrades OIB Due To Falling Market Share And Declining Asset Quality