Issue 15
Oil News
- SAUDI ARABIA CUTS CUSTOMER'S NOMINATIONS FOR FEBRUARY BY 20%
- Nazer Wins Egyptian Pledge of Support for OPEC Strategy; Also Plans to Visit USSR and Norway
- Norway Will Cut Output by 7.5% in First Half of 1987; UK Reiterates Hands Off Policy
- Oman Pledges to Cut Oil Output by 32,000 b/d
- Egypt Raises Oil Prices by $l.00-1.25/B for 16-31 January
- Mexico Likely to Continue Volume Restraint But Reluctant to Return to Fixed Prices
- GCC Ministers' Communique Stresses Contacts with Non-OPEC
- Nigeria Assures Saudi Arabia That Proposed African Oil Grouping Will Promote OPEC Interests
- Moderate Demand Growth Forecast by IEA in 1987
- Drop in US Crude Production
- More Kuwaiti-Bound Tankers Hit by Iran
- Budget Highlights Reduced Dependence on Oil Says Nazer
- Saudi Arabia and Kuwait Raise Price of Butane to $90/Ton
- South Yemen Invites Applications for Open Areas
- Libya to Supply Turkey with 3-5mn Tons of Oil In 1978
- Libya and Malta Conclude Trade Agreement Worth $150mn for 1987
- Sri Lanka Signs for Iranian Crude
- Khalda Petroleum Starts Production from Salam Field
- Qasco Produces Record 493,000 tons of Steel Products in 1986
- Publications Received
- Netback Values
Financial & Banking News
- IMF Concessions Bring Egyptian Agreement Closer
- Algerian Budget Forecasts Further Fall in Oil Revenues in 1987
- Arab Debt Increasing, Maturities Lengthening
- OECD Forecasts Declining OPEC Deficit in 1987
- NBK to Convert FRAB into Branches
- US Extends Agricultural Credit Guarantees to Iraq
- ADB Lends Egypt and Morocco $164mn