Issue 13
Oil News
- OPEC SUPPLIERS NOTIFY CUSTOMERS OF RETURN TO FIXED PRICES ON 1 FEBRUARY
- Kuwait Terminates Contracts of Customers Refusing to Accept Fixed OPEC Prices
- UAE: Equity Holders Notified of Official Prices Effective 1 January
- Iran, Nigeria and Algeria: Fixed Prices from 1 February
- Oman: Status Quo for January But Fixed Prices in Prospect for February
- Egypt Raises Prices by $3/B
- USSR Backs OPEC with $18.30/B Price Proposal
- Malaysia Will Cut Production Further
- Fahd Says $18/B Is Minimum: Nabi Calls for $28/B
- Kandil Urges Price Rise to $25/B
- Nazer Confirmed as Oil Minister
- Two Shuttle Tankers Attacked
- Turkey to Buy 6mn Tons of Iranian Crude in 1987
- Iran Reschedules North Korean Debt
- US Renews Economic Sanctions against Libya
- Kuwait to Sign $132mn Contract for Six Products Tankers with South Korean Firm
- Plans Underway to Amalgamate Kuwaiti-Tunisian Joint Venture Firms
- IEOC Buys 55% of Agypetco
- Gas Blow Out in IEOC Offshore Wildcat
- Israel to Buy 2mn Tons of Egyptian Crude in 1987
- Publications Received
Financial & Banking News
- Saudis Budget for $14bn Deficit
- US-Iran Negotiations Break Down
- UAE Bad Debts Estimated at $2.9bn
- KREB Issues KD12mn Bond
- France Extends $200m in Aid to Morocco
- IDB Approves $89.52mn in New Loans and Grants
- AMF Lends Jordan and Tunisia $27.75mn
- IFAD Lends Algeria $10mn
- BADEA Lends Guinea $4.8mn
- UK Gives $7.25mn Grant for Israeli Occupied Territories
- Saudi Arabia Grants Lebanese Educational Institutions $21mn
- FAO Supplies Sudan with Emergency Food Supplies
- Correction: Identified Deployment of Oil Exporters' Fund