Issue 03
Oil News
- ARAB GULF STATES AGREE ON SAFETY-NET OIL EXCHANGE MECHANISM IN THE EVENT OF DAMAGE TO EXPORT FACILITIES
- SAUDI ARABIA SIGNS WETBACK OIL SUPPLY DEAL WITH FRENCH FIRMS
- Subroto Calls for More Flexible OPEC Pricing System
- US, Norway and UK Give Thumbs Down to Proposals for OPEC/Non-OPEC Cooperation on Oil Production Control and Price Setting
- IEA Sets up System to Monitor Products Flows
- New Oil Minister Reportedly Appointed
- Spanish Company Negotiates Barter Deal
- Shell Contracts for 50,000 b/d of Basrah Light Crude from Yanbu'
- Iraq Focuses Attacks on Iranian Offshore Oil Fields
- Iranian Crude Oil Deliveries to Syria Continuing on Schedule
- Libya Delivers 20,000 b/d of Crude Oil to Yugoslavis in Repayment for Soviet Arms
- Toyo Wins Contract for Jubail Ammonia Plant
- Negotiations with US on Petrochemical Exports to Start in January
Financial & Banking News
- Kuwait's Central Bank Sued Over Abulhassan Case
- BAC Insolvent After Merger Bids Fail
- Banque du Liban to Increase Capital
- KIO Reveals Stake in Royal Bank of Scotland
- SIFCORP Buys into Aitken Hume
- Arab Banks Co-manage 19 Bond Issues
- $1.2bn in Loans and Grants to Lebanon During Past Three Years
- AFESD Lends $16.5 - to Jordanian Agricultural Project
- BADEA Provides Loans to Seven African Countries
- IDB Provides Assistance to Four Member States
- Sudan Receives Aid from the US and ZEC
- US Grants $30mn for Jordanian School Construction Program
- Japan Grants $5mn for Egyptian Agricultural Machinery Cen ter
- Italy Pledges Funds for Somalia's Arid Region