Issue 37
Oil News
- BIG PRODUCTION SURGE OVERHANGS OPEC'S BRIONI CONFERENCE
- Opposition to Oil Policy Suspected as Motive for Ahmadi Explosions
- Badri Suggests US Oil Companies Might Retain Frozen Assets after 30 June
- Saudi Arabia Extends Crude Oil Price Discounts through July
- Iraq and Japanese Customers Agree on Prices for Second Quarter
- Mitsubishi Contracts for 3.5-4.5Mn Barrels of Iranian Heavy in July
- Iran and Turkey to Commission Study on Oil and Gas Lines
- More Attacks on Tankers and Oilfields
- Interim One Year Agreement with Distrigaz on LNG
- Kuwait Provides Oil Assistance; Agreement with Iran Still in Limbo
- Price of Suwaidiyah Crude Reduced to $8.98/B in June
- GM in Joint Venture with Egypt
- Freeport Initials Sulfur Exploration Agreement vith Egypt
- YOMC Awards $92mn Contract for Oil Products Distribution Network
- Japanese/South Korean Consortium to Build New Berth at Hodeidah Port
- Three ADNOC Companies Merge Drilling Activities
- Norway Will Consider Reducing Oil Output
- Brunei and Malaysia Ready to Cut Production
- Iran Seeks Support of other Exporters
- Baker Reaffirms US Commitment to Free Market Pricing
- Friedman Envisages Equilibrium Oil Price of $8-9/B
- No GCC Tariffs on EEC Imports Says Bishara
Financial & Banking News
- Egyptian Budget Approved
- Bahrain Cautions Foreign OBUs against Hasty Departure
- UAE Forbids Unsecured Lending
- Parliamentary Investigation of Kuwait's Central Bank Upheld
- BBK Reveals $68mn Director Lending
- KIA Buys Up $729mn Worth of Largely Defunct Local Stocks
- Kuwait to Establish Elba Islamic Charity organization
- KFAED Lends Morocco $24.2mn
- US Lends Morocco $20mn
- IDB Lends Iraq $5mn
- IBRD Lends Jordan $27.5mn
- EIB Lends $6.3mn for Asman Industrial Site
- France Provides Food Aid to Egypt