Issue 33
Oil News
- PDO's Crude Output Continues To Decline Below Annual Targets; Government Is Concerned
- US’s Iraq Oil Restoration Plan Involves Implementing 220 Projects By April 2004
- SOMO Signs More Basrah Light Contracts As Kirkuk Pumping Starts
- Bush Administration Defends Executive Order On Iraq Oil Dealings
- Total Likely To Seek Joint Ventures For Iraq Oilfield Bids, Says Marcel
- Qatif/Abu Safah Development Set For Completion Ahead Of October 2004 Target
- Saudi-Russian Energy Cooperation Accord Set For Early September Signing
- NIOC Markets Bahregansar Crude Separately After Capacity Increase
- Iran/IAEA Talks Viewed By Tehran As “Helpful”
- Power Capacity Intended To Double In 10 Years, Says Aref
- Kuwait Hopeful Of Shihab-Eldin’s Election As OPEC Secretary-General
- IEA Raises 2003 Demand Growth Forecast To 1.11Mn B/D
- UBS Sees Majors’ 2Q Production Reduced By Asset Sales
- Crude Prices In The Sway Of Supply Security
- Crude Oil Formulas/Posted Prices ($/B)
- LNG Supplies Lined Up By South Korea And Taiwan
- Bids Sought For Oman/UAE Electricity Link-Up
- Al-Khaleej Polypropylene To Triple Output Capacity
- President Asad Approves Devon/Gulfsands PSA For Block 26
- EK Holding Takes 27% Stake In Shell’s Gas Express
- Kuwait Cabinet To Review $850Mn Bubiyan Port Project
- Total And ADNOC Sign MOU For Melamine Project
- ADNOC Output To Drop While Repair Work Carried Out
- PetroKazakhstan Reports Increased Profits, Production For 1H 2003
- Lebanese Parliament Considers Legislation For Natural Gas And Rehabilitation Of Refineries 
- Israel Corp To Sell Stake In ORL Back To Government
- Petroleum And Energy Infrastructures To Give Up Shares In Pi Glilot
- Petrotech 2003 To Be Held In Bahrain At End-September
Financial & Banking News
- Egypt SEGAS LNG Venture Unlikely To Seek Project Financing
- ELNG Targeting Second Phase Of Syndication By Year End
- Iraq Revenue Watch Calls For Increased Transparency In 2003 Budget
- Bush Appoints Political Fundraiser To Oversee Iraqi Privatization
- No Decision Yet On How To Deal With $700Mn Iraqi Funds In Jordan
- Egyptian Stocks Recovering After Drop On Fund Repatriation Backlog
- Black Market Problem
- IIFM Endorses $400Mn IDB Islamic Sukuk Bond Issue
- New CBE Board Appointments Continue More Liberal Trend
- Four Palestinian Islamic Banks Plan To Merge In October
- Moody’s Report Analyzes Factors Underlying Saudi Arabia’s Credit Ratings
- Moody’s To Set Up Credit Ratings Venture In Egypt
- Capital Intelligence Puts First Gulf Bank Ratings On Positive Outlook
- CI Upgrades Doha Bank Rating To BBB
- Saudi Corporate Earnings Record Strong Growth In First Half 2003, Says NCB
- Kuwait Finance Minister Investigates Financial Irregularities At KIA
- IDB Approves New Financing Worth $384Mn