Issue 11/12
Oil News
- OPEC AIDS TO ELIMINATE ALL NETBACK SALES DEALS BY 1 FEBRUARY
- SAUDI ARABIA AFFIRMS IRAQ'S RIGHT TO DISSENT FROM OPEC QUOTA ACCORD
- TEXT OF OPEC AGREEMENT ON PRODUCTION AND PRICES
- TEXT OF OPEC COMMUNIQUE
- STATEMENT BY IRAQI OIL MINISTER
- Saudi Arabia Notifies Customers of Cut to 10% below Contractual Volumes for January
- Saudi Arabia Decides to Liquidate Norbec Stocks
- Swedish Firms Seek Markets for 350,000 b/d of Saudi Barter Crude
- Taher Dismissed from Petromin
- Iraq Continues Attacks on Iranian Power Stations
- Iran and USSR Sign Economic Cooperation Protocol
- Iraq Increases Petroleum Products Exports
- Algerian Oil Revenue Halved in 1986
- Oil Prices Remain Unchanged for 16-20 December
- Egypt and Soviet Union Sign $855mn Trade Protocol
- Egypt Re-Admitted to Federation of Arab Chambers of Commerce, Industry and Agriculture
- Yepco Purchased 400,000 dwt Vessel for Crude Oil Storage
- QGPC Awards Contract to Technip Geoproduction for BulHanine Gas Lift Project
- Review of 1985 ASRY Operations
- Netback Values
Financial & Banking News
- Lloyds to Close Bahrain OBU
- Murad Takes Over at BKK
- Chase Manhattan Leaves Lebanon
- Investcorp Offer Oversubscribed
- Bank of England Identifies $449bn OPEC Assets
- Kuwait Liberalizes Stock Market Rules
- Bahrain, UAE Governments Increase Borrowing from Banking Sector
- Morroco Wins IMF Package
- North Yemen Increases Spending in 1987
- Italy Pledges $20mn Aid Package to Egypt
- AFESD Lends Algeria $42.9mn
- IDB Provides $10.39mn to Three Member States
- AMF Lends Mauritania $5.39mn
- OFID Provides Seven Grants to International Organizations