Issue 51/52
Oil News
- Saudi Arabia Pays Down Debt, Sees Sustained Financial Strength In 2005
- Kuwait And Iraq Step Up Cooperation On Gas/Oil Supply And Development
- Gulf Producers Move To Cut Oil Output As OPEC Price Target Discussions Grow
- OPEC Oil Production Slips Below 30Mn B/D In November
- IEA Estimates 2004 Oil Demand Growth At 2.6Mn B/D
- Crude Prices Boosted By US Heating Oil Tightness
- Saudi Aramco Abolishes Monthly LPG Tenders
- Crude Oil Formulas/Posted Prices ($/B)
- New Bids For Bahrain Blocks 1-3 To Be Invited In 1Q 2005
- Heritage Oil Joins List Of IOCs Pursuing Ventures In Iraqi Kurdistan
- Sonatrach Forms Task Force To Manage Hassi Messaoud Redevelopment
- Honeywell Wins $60Mn Contract For Automation Of Arzew Refinery
- First Calgary Announces Test Success For MZLS-1 Exploration Well
- Technip And Chiyoda Win $4Bn Qatargas-2 EPC Contract
- Work Begins On QAPCO’s EP2 Project
- Snamprogetti Studies Bandar Abbas Refinery Expansion
- NPC Awards Polystyrene Plant Contract To SembCorp And EIED
- Saudi Production Capacity Estimate Increased By IEA To 10.0-10.5Mn B/D
- Basic Engineering Starts At Fujian/ExxonMobil/Aramco Refinery Expansion Project
- KPC Signs 10-Year Crude Supply Agreement With Korea’s SK Corp
- New Abu Dhabi Executive Council Marks Start Of Post-Zayid Era
- Jordan Signs MOU With Sonoran Energy For Azraq Block Exploration
- Suez Canal To Hike Transit Fees From February
- Woodside Sees Positive Results From Tiof-5 Appraisal Well
- Caspian Crude Output Shows Marginal Gain During First Nine Months Of 2004
Financial & Banking News
- Qatargas-2 And South Hook LNG Terminal Sign Record Financing Agreement
- Central Bank Of Iraq Extends Foreign Banks’ Operating Deadline
- Financing Details For Al-Azzal, Bahrain’s First IPP
- Azerbaijan’s Socar Receives $170Mn EBRD Loan For Shah Deniz Gas Project
- Al-Shall Warns That Current Kuwait Spending Requires $29/B Oil Price
- Refinancing Of BMB’s $75Mn Syndicated Loan Facility
- Egypt, Israel And US Sign Free Trade Agreement
- Maroc Telecom IPO Oversubscribed 21 Times
- Jordan’s MEC Launches $40Mn Bond Issue
- KIPCO Obtains $100Mn In Syndicated Loan
- World Bank Grants $235Mn For Iraq Development
- UNCC Awards $2.9Bn In Gulf War Compensations
- Fitch Raises Iran’s Credit Rating
- Moody’s Upgrades To D Al Ahli Bank’s FSR