Issue 17
Oil News
- JAPANESE BUYERS SIGN UP FOR FIVE-MONTH SAUDI CONTRACTS BUT MAJORS STILL HOLD BACK
- King Fahd Spells Out Saudi Policy on OPEC, Production and Prices
- Otaiba Says Dubai Is Responsible for UAE Overproduction: Dubai Denies it
- Nazer Completes Tour With Visits to Norway and UK
- IEA Chides Norway for Production Cut
- US Experts Stress Dangers of Import Dependence and Gulf War
- Indonesia Notifies New Official Prices Effective 1 February
- Egyptian Oil Prices Remain Unchanged for 1-15 February
- African Oil Producers Set Up Regional Petroleum Association
- Iraq Resumes Attacks on Kharg-Bound Tankers
- NIOC Puts Reassessed Oil Reserves at 93bn Barrels
- Iranian Production Nears Quota Level
- Japanese Firms Sign Up for Three-Month Contracts
- Gasoline Prices Up 73%
Financial & Banking News
- GCC Agrees in Principle on Currency Alignment
- NBK Profits Climb
- BIB Spreads Its Wings
- Iraqi Foreign Debt Increases 53% in One Year
- USAID Allocates $1.26bn In Aid to Arab States In FY 1987
- (AFESD) has agreed to lend Mauritania KD2.8mn ($10mn)