Issue 01
Oil News
- Crude Prices Remain High As OPEC Price Mechanism Deadline Passes
- North African Oil And Gas Producers Set For Landmark Year In 2004
- EIA Forecasts Global Oil Demand Near 118Mn B/D By 2025
- Japanese Gas Demand To Grow 1.3% A Year To 2015, Says FACTS
- Non-Market Forces Influencing Prices, Says Morse
- Crude Oil Formulas/Posted Prices
- GCC Pledges To Work To Secure Oil Supplies
- US Appeals Court Upholds Rejection Of OPEC Antitrust Case
- Indefinite Freeze On Iraq Reconstruction Contracts; US Military To Import Oil Products
- Iranian Production Unaffected By Earthquake
- Petropars Begins Commissioning Of South Pars Phase 1 Processing Plant
- OMV Schedules Drilling On Iran’s Mehr Block For 1Q04
- Iran Earmarks $90-104Bn For Petroleum Industry Under Fourth Phase Of Strategic Plan
- First Calgary Spuds MLE-5 Appraisal Well On Algeria’s Block 405B
- EU Approves Statoil’s Acquisition Of BP Shares In Algeria Gas Projects
- Saudi Liquid Production Averaged 10Mn B/D In First Eight Months Of 2003, Says EIA
- International Power/Saudi Oger Win Saudi Aramco Power/Steam Contracts
- SABIC Announces Plans For New Petrochemical Complex At Yanbu΄
- Saudi Crude Exports To Western Europe Declined By 29% In 2000-02
- Promising Prospects For Mid-Caps In Mideast Upstream, Says Deutsche Bank
- IMO Adopts Accelerated Phase-Out Of Single-Hull Tankers
- Turkey Identifies Two Bidders For Delayed Tupras Privatization
- Bosphorus Bottleneck Pushes Tanker Rates Up
- Gasco Releases OGD-3 EPC Tender
- Vivendi/Mitsui To Develop Taweelah RO Water Project
- Plans For Private Steel Plant In Abu Dhabi
- Joint Venture Agreement For Oman Methanol Project
- IPO For Oman’s Al-Maha Marketing Company Imminent
- Oman To Consider Fate Of Three Offshore Blocks
- Ministry Of Commerce To License Oman’s LPG Bottling/Sales
- Caspian Crude Production Holds Steady Throughout First Three Quarters Of 2003
- KUFPEC Output One Third Of 2010 Target Of 100,000 BOE/D
- 10 Bidders Express Interest In Kuwait’s Ahmadi Ethane Recovery Project
- Production Capacity At Qatar’s Al-Shaheen Field Exceeds 200,000 B/D
- Nexen Expects First Production From Yemen’s Block 51 In 2005
Financial & Banking News
- New Gulf Airlines Join Competition For Business
- Saudi Railways Organization Appoints Financial Advisers For Expansion Project
- Iraq Signs Mobile Contracts As Pentagon Probes Tenders
- Trade Minister Investigates Graft Allegations By CPA And Iraqi Officials
- IFC Approves $200Mn Financing Project For Iraq…
- …As EU Starts Payment to UN-Managed Fund For Iraqi Reconstruction…
- …And Arab Creditors Will Only Negotiate Debt Relief With A Sovereign Government
- CPA Hands Over Authority For Donor Cooperation
- IMF Calls On Lebanon To Press On With Reform Program
- UNCC Awards $1.4Bn In Claims Compensation
- High Oil Prices Sustain Russian Economy In 2003; Oman 2004 Budget Based On $21/B
- Emirates Plans $400Mn Bond Issue
- Kuwaiti Investors Purchase 5.7% Of UAE’s Emaar
- Jordan Signs €35Mn Debt Swap With German Development Bank
- Lafico Invests $320Mn In Algerian Projects
- S&P Affirms Kuwait’s A+/A-1+ Ratings And Stable Outlook
- Moody’s Upgrades Bahrain’s Ratings
- Moody’s Upgrades Rating For UAE’s Mashreqbank
- Moody’s Raises ANB’s Financial Strength Rating To C-
- S&P Rates Qatar Insurance At A-
- EIB Loans Algeria €230Mn For Earthquake Reconstruction
- AFESD Signs Loan Agreements For $149Mn With Morocco
- Talks On Easing Palestinian Economic Crisis Held In Jerusalem
- ADSB Wins $500Mn UAE Navy Contract
- SIDF Approves $107Mn Loan To Sipchem
- Algeria Opens Bidding For Telephone Licenses
- Hedge Funds Conference In Dubai In February 2004