Issue 02
Oil News
- OPEC Talks Focus On Output Increase Of At Least 1Mn B/D
- Market Spooked By UN-Iraq Tension After OPEC Calming Moves
- Venezuela Political Trench Warfare Decimating Oil Industry; Tragic Economic Consequence
- Venezuela Strike Takes Its Toll On OPEC December Production
- Draft Hydrocarbon Law Removed From Legislative Agenda
- BP Updates Progress On In Salah, Rhourde El-Baguel Projects
- Fresh Push For Project Kuwait Likely To Encounter Old/New Obstacles
- PDO’s Annual Investment To Rise To $1.5Bn By 2007 For Output Recovery/Development
- Uhde Wins EPC Contract For Sohar Fertilizer Plant
- Iraqi Oil Exports Under UN Program Down To 1.27Mn B/D In 2002
- All Power/Desalinization Projects Privatized; QP Sells Off Dukhan Water Plant
- Foster Wheeler And UOP-UK Win LAB Project Contracts
- Chavez Government Announces Plans To Split PDVSA Into East And West Components
- Saudi Crude Prices Raised After Venezuela Crude Stoppage Hikes Spot Prices
- Crude Oil Formulas/Posted Prices ($/B)
- Tanker Rates Rising Because Of Venezuela Stoppage, Says Poten
- Energy Ministers Formalize Arab Gas Pipeline Institutions
- Balal Production Testing Under Way As Pipeline Repairs Completed
- Tabnak Gasfield Drilling Manager Marks Progress On Development Program
- BG, Partners Approve Early Works Program For $550Mn Second Train Of ELNG
- Shareholder Objections Delay Approval Of Talisman GNPOC Stake Sale
- BG In Talks With Gal B Consortium On Deepwater Well As IPE Withdraws
- Bush Extends Libya Sanctions For Further Year
- OAPEC Ministerial Council Holds 69th Meeting In Cairo
Financial & Banking News
- Minister Of Economy Says Lebanon Has Addressed Its Macroeconomic Challenges With Paris II
- Syria Passes Expansionary Budget With 18% Increase In Expenditure
- Palestinian Budget Forecasts $747Mn Deficit; Minister Pledges Transparency
- Bush Administration Official Lowers Cost Estimate Of Iraq War To $50-60Bn
- IMF Commends Kuwait’s Fiscal Policy But Stresses Need For Non-Oil Growth
- Lead Arrangers Appointed For ELNG Financing
- SABIC’s Jubail Completes Signing Of $1.154Bn Loan Facility
- Gulf Air Gets $238Mn Cash Injection, With Government Debt Deferred
- Saudi Government Increases Stake In NCB, Say Reports
- Bank Dhofar Merger With Majan Bank Given The Go-Ahead
- BMA Grants New Bank Licenses
- STC Flotation Oversubscribed, As Expected