Issue 22
Oil News
- TIME TABLE FOR OIL EXPORTERS MEETINGS TAKES SHAPE
- Abu Dhabi and Oman Cut February Prices by $8/B; Abu Dhabi Equity Margin Cut to $1/B
- Japex Oman Makes another Small Discovery in Its Omani Concession
- Deep Offshore Test Planned for Umm al-Quwain
- Kuwaiti Minister Sees Eventual Agreement on Market Stabilization
- Nigeria Has Capacity to Raise Output to 2mn b/d within Three Months
- Soviets Seek Market Stabilization Agreements with OPEC and Other Oil Exporters
- Schlesinger Says Lower Prices Will Raise US Dependence
- New Price Formula in Venezuela
- Mexican Prices for Second Half February
- Gulf Tanker War Escalates
- Iran Concludes Singapore Netback Deals with Showa and Cosmo
- One Bypass Pipeline Project Is Shelved But Second Is Likely to Go Ahead
- Egypt Reduces March Oil Prices by S4.40-5.00/B
- EGPC Official Outlines Proposed Amendments to Gas Clause
- Petroleum Ministry Abolished
- Iraq Price Formula Adjusted
- Kuwait Signs Netback Deals with Shell and Korea
- PIC Realizes Net Profit of $14mn in 1984-85
- More Cabinet Changes in Algeria
- SADAF to Take Delivery of Petrochemical Carrier Next June
- Japanese Imports of Saudi Crude Fall 41% in 1985
- Tenders Invited for Soviet-Turkish Natural Gas Pipeline
- IAEE Holds Eighth Annual Conference in Tokyo
- Seminar on Energy Desand Planned at Surrey University
Financial & Banking News
- Mexican Reticence Prevents Major Cartagena Announcement
- QMA Imposes Reserve Requirements
- Bahraini OBUs Held S57bn Assets at End 1985
- BAII Profit up 18%
- CBD Profits Donn 30%
- UBK Profits Up 15%
- JNB Buys Out Chase Manhattan's Jordan Branch
- Saudi Arabia Pays $119.7mn to Jordan
- AMF Lends North Yemen $12.8mn
- IDB Lends Iraq $10mn
- FAO Grants Sudan $l.7mn