Issue 27
Oil News
- OIL PRICE CRASH CONFRONTS THE US WITH DEEPENING DILEMMA
- Reagan Joins Debate on Oil Prices
- IEA Sees 1.2% Rise in OECD Oil Demand in 1986
- Nigerian Production Reached 1.6mn b/d in March
- Iran Declares Security Zone Area in Southern Gulf
- Hostilities Continue in the Gulf
- Egypt Decides on Further Price and Output Cuts
- Criticism of OPEC by Kandil Is Unjustified, Says Opposition Newspaper
- Saudi Arabia and Kuwait Reduce April LPG Prices by $45/ton
- Pecten's Tayyim Field to Produce 50,000 b/d as from October; Reserves Estimated at 250mn Barrels
- USSR Supplies Six Drilling Rigs
- Iran Offers Improved Terms to Japanese Buyers
- New Oil Ministry Appointments
- Petromin Urges Customers to Lift Incentive Crude
- Gas Price Reduction for Spain
- Modernization of Aden Refinery Completed
- GCC Shelves Oil-Related Projects in Oman
Financial & Banking News
- Syria Faces Payments Crunch as Oil Revenue Drops
- Kuwaiti Public Spending Drops
- Egypt Approves $ Bonds
- ADGAS Mandates $650mn
- GIB Issues Europaper
- Dong Ah Arranges more Finance for Libyan GMR
- Arab Banks Co-manage 20 Bond Issues
- Loan Loss Provisions Absorb Entire Gulf Bank Income
- TIC Profits up 23%
- CBO Delays Omaniation Deadline
- Retail Banking Conference Held in Bahrain
- Saudi Arabia Contributes $lOOmn to IBBD's Special Fund for Sub-Saharan Africa
- KFAED Lends Oman $15.57mn
- BADEA Lends Congo $8.5mn
- IDB Lends Iraq $10mn
- IBRD Lends $150mn to Morocco
- EEC Provides $9.4mn to Egypt and Jordan
- Canada Grants Egypt $3.6mn for Agricultural Development