Issue 20
Oil News
- Amended Draft UN Resolution Leaves US With Tight Grip On Iraq
- OPEC Replaces Lost Iraqi Output In April
- OPEC Agreement “Something Of A Muddle,” Says IEA
- Norway’s Walther To Head IEF
- IEA Trims 2003 Demand Growth Forecast To 1.03Mn B/D
- Demand Recovery Imminent, Says Hetco
- Oil Prices Head Higher On June Nomination Cuts, Weak Stock Data
- Crude Oil Formulas/Posted Prices ($/B)
- Zanganeh Cites US Plans In Iraq As Reason To Expand Output From Shared Fields
- Iranian Crude Exports Average 2.347Mn B/D During First Quarter 2003
- Toyo-Led Consortium Lines Up For South Pars Gas Refinery Contract
- Iran’s Power Generation Capacity Exceeds 30GW
- CNPC Awarded Adrar/Sbaa Basin Integrated Project
- Limited Cabinet Reshuffle As Press Asserts Sonatrach Financing Bouteflika Campaign
- Egypt Launches 2003 Upstream Licensing Round
- Edison Sells WDDM, LNG Assets To Petronas For €1.6Bn
- Trial Production Begins At Kuwaiti-Egyptian Gas Pipeline Plant Near Port Said
- NSCSA Posts $22Mn Profit In 2002
- New BOT Sea Water Cooling Plant Planned
- Arabs Sceptical About US Free Trade Proposal
- National Grid Nears Completion As Dibba-Ras Al-Khaimah Power Cable Contract Awarded
- Sidem Wins Contract For Three Desalination Plants In Northern Emirates
- Correction: Abu Dhabi Aiming For 2.85Mn B/D Sustainable Output Capacity
- Yemen’s Oil Output Averaged 443,000 B/D In 2002
- Oilinvest’s Holborn Refinery To Close For Two Month Upgrade Work
- Jordan To Proceed With Zarqa Oil Pipeline Tender
- GE To Supply Gas Turbine Equipment For OLNG’s Third Train
- US Sees BTC Financing By November, IFC Plans $420Mn In Loans To Azerbaijan Projects
- Dragon Oil Reports Output Of 10,400 B/D From Cheleken Block During 2002
- Open Society Institute Calls For Transparency In Azerbaijani And Kazak Oil Industries
- Russia, Kazakstan And Azerbaijan Sign Caspian Demarcation Deal
Financial & Banking News
- NCB Results Help To Boost Saudi Banking Sector In 2002
- Sadaf IPP Being Financed As Club Deal
- KPC Profits Down 41% To $1.74Bn In 2001-02
- Alba Plans To Issue $200Mn In Bonds As Part Of Expansion Financing
- Dubai 2003 Bond Subscription Expected To Close 27 May
- LMC And BMA Launching $250mn Islamic Bond Issue
- Solidere Sees Profits Jump In 2002
- NBK Receives Singapore Banking License
- Iraqi Interim Authority Opens Five Bank Centers In Baghdad
- US Continues To Urge Major Debt Write-Off For Iraq
- Syrian Unemployment Reaches 1.2Mn, Says Commission
- Capital Intelligence Upgrades UAE’s Sovereign Rating
- US Giving Jordan $700Mn In Compensation For Iraq War
- Iran Lends Lebanon $50Mn For Development Projects