Issue 31
Oil News
- Abu Dhabi and Oman Cut Prices for April
- Financial Problems overshadow OAPEC Ministerial Meeting
- Judicial Tribunal to Hear Two Cases
- Five More Tankers Attacked in Gulf War
- US Sets 30 June Deadline for Oil Companies in Libya
- Iraqi Air Attack Damages Tehran Refinery
- Sonatrach and Distrigaz Agree on Lower LNG Price
- Wintershall Consortium Seeks Arbitration over Dispute with Qatar
- Customers Respond Positively to Saudi Discount Offer
- Taiwan to Import more Saudi Oil
- SABIC's Profits Quadruple in 1985
- Saudi Shipping Company Reports $15mn Loss in 1985
- Price of Suez Blend Falls to $10.75/B
- Work in Progress on Expansion of Suez Gulf Gas Project
- IEA Raises Estimates of 1986 Demand Growth
- Study Finds Conservation Will Continue in Spite of Lower Oil Prices
- UASC Registers a Net Loss of $6.8mn in 1985
- UK Minister Warns against Overreaction
- New Government in Norway May Be more Flexible on Cooperation with OPEC
- China Reaffirms Decision Not to Raise Exports in 1986
- Interven to Manage Venezuela's Overseas Outlets
- KPC's Revenues Estimated to Fall by 28% in 1986-87
- UAE Government Urged to Take Action on Recession
- Chevron's Non-Essential Personnel Leave the Sudan
- Bahrain's Oil Revenues Amount to $958mn in 1985
- Lebanon's 1985 Oil Import Bill Estimated at $509mn
- Iraq and Jordan Hold Talks on Oil Cooperation
Financial & Banking News
- Two More Kuwaiti Banks Declare Zero Profits
- Arbift Profit Drops 9O% in Two Years
- CIDCO Increases Revenues, Cuts Losses
- Saudi Loan Loss Provisions Made Tax Exempt
- SEB Profits Slip
- KIA Spends $475mn on Local Closed Company Stock
- Saudi Pharmaceuticals company Set Up
- Arab Aid to Egypt 'Did Not Exceed $12bn