Issue 23
Oil News
- OPEC Ministers Optimistic
- Ecuador Earthquakes Rupture Oriente Crude Export Pipeline: Oil Exports Suspended
- Libya Resists Customers' Requests to Offer Lower Prices
- King Fahd Reiterates Call for Stable Oil Prices
- Shell Chairman Lauds OPEC Price Stabilization Effort
- Iraq complains to OPEC about Marketing Inequalities between Member Countries
- Iraq Appoints New Minister of Light Industries
- Landslide Causes Shutdown of Iraq-Turkey Pipeline for a Week
- Shuttle Tanker Attacked: Bulgaria Lifts Barter Crude for East Europe from Kharg
- African Oil Association Will not Rival OPEC Says Nabi
- US Crude Oil Imports up 30% in 1986
- Saudi Output Stays Low
- No Progress still on the Tornado Deal Offset Program
- Chevron and Philips Leave Saudi Cable company
- KETC-owned VLCC Converted to a Products Carrier
- PIC Registers Net Loss of $37mn in 1985-86
- UAE to Supply Pakistan with 20,000 B/D of Crude in 1987
- Netback Values
Financial & Banking News
- Kuwait Overhauls Monetary Policy
- UBK Earnings Recovery Gathers Pace
- Morocco Wins Paris Club, World Bank Deals
- REDEC Rescheduling Agreed
- Iran Sells Deutsche Babcock Stake for $150mn
- Libya's 1986 State Budget Decreased by 12%
- IBRD Lends Tunisia $150mn for Industrial and Trade Policy Adjustment
- IDB Approves $110.42mn in Loans and Grants
- US Transfers $115Mn to Egypt
- US and France Increase Aid to Morocco
- Japan Grants $9.4mn to Sudan and Somalia
- France Triples Aid to Mauritania
- EEC Grants $3mn to Palestinian Refugees in Lebanon
- FAO Provides Emergency Food Supplies for Refugees in Sudan and Djibouti