Issue 42
Oil News
- OPEC PRODUCTION TOPS 20MN B/D AS GENEVA COUNTDOWN APPROACHES
- Saudi and Kuwaiti Oil Ministers Visit UAE for Pre-OPEC Policy Coordination Talks
- Saudi Arabia Reaffirms Support for OPEC
- Price War Strategy Must Continue until Market Stabilizes, Says Nigerian Minister
- Algeria and Iran Attack Saudi Oil Policy
- Venezuela Will Aim for Quota of 1.71mn b/d
- API Report Says US Oil Imports Could Double by 1991
- Energy Economist Criticizes UK Price Policy
- French Companies Suspend Liftings of Iraqi Crude Following Failure to Agree on Price Terms
- Iraq Will Settle Indian and Turkish Debts with Crude Oil Supplies
- New Study Estimates Cost of Iraq-Iran War at $416bn at End 1985
- Panhandle/Trunkline Settles with Sonatrach
- Hunt Oil Next in Line for Jordan Exploration Agreement
- Crude Oil Production Running at about 800,000 b/d so Far this Year
- Egypt Reduces Oil Prices by $3.50-4.15/B in July
- Texaco-Elf Make Oil Discovery in East Gharib Concession
- Norbec Charters Three Tankers for Floating Storage
- Saudi Arabia Discovers Large Phosphate Deposits
- ADNOC Reports Two Discoveries in 1985
- South Yemen Signs Three Agreements with the USSR
- Price of Suwaidiyah Crude Reduced to $7.42/B in July
- Chevron and the Sudan Agree on the Revision of Oil Agreements
- Bahrain Studies Plan for the Modernization of the Bapco Refinery
Financial & Banking News
- Mexican Hard Line Brings IMF Breakthrough, Venezuela's Backfires
- Syria Increases Spending Despite Austerity
- $97bn Arab Debt Identified
- Egypt Hopes for Western Debt Help
- IBRD tends Morocco and Egypt $190mn for Agricultural Development
- IDB Provides $42.46mn to Four Member Countries
- US Lends Sudan $24mn
- BADEA Lends $4mn for Senegal's Rural Electricity Network