Issue 34
Oil News
- OPEC'S G5 SEES $17-19/B AS APPROPRIATE TARGET FOR PRICE STABILIZATION
- YAMANI SAYS GULF WILL SOON PROVIDE 75% OF WORLD OIL EXPORTS
- Saudi Arabia Will Extend Incentive Discounts into June
- Saudi Oil Ministry Signs Mineral exploration Contracts
- Petrolube Produces 1.3mn Barrels of Lube Oils in 1985
- US Revokes Libyan Operations Licences for Oil Companies
- Shuttle Tanker Attacked
- Saudi King Sends Message to Iran
- Bids Invited for 220,000 b/d Refinery at Bandar Abbas
- Snam to Build Isfahan THOR Plant
- 1986-87 Targeted Oil Output Scaled Down to 44.2mn Tons
- World Bank withholds Further Loans for Energy Sector
- Liberal Leader Calls for UK Cooperation with OPEC
- Refined Product Exports Increase 14.5% in 1985
- Lebanon Projects Lower Oil Import Bill in 1986
Financial & Banking News
- Kuwait's Foreign SGR Portfolio Drops $2.6bn in 1985
- Abu Dhabi's Foreign Assets 'around $30bn'
- Forward Share Transactions Permitted in Kuwait
- Kuwait's GDP Shrinks by 10% in 1985
- Egyptian Debt Service so Far this Year Exceeds 1985
- A.W. Galadari Debts Partly Settled
- Alahli Names New Directors
- ADIC Increases Provisions 7.5 Times
- BCCI Loses $150mn on US Treasury Options
- QMA Imposes Further Banking Controls
- Redec Rescheduling Negotiations Begin
- Arab Banks Co-Manage 21 Bond Issues
- BADEA Provides $74mn in 1985
- IDB Approves $162mn in Loans and Grants
- KFAED Lends North Yemen $20.6mn
- AMF Lends Syria $10.15mn