Issue 36
Oil News
- OPEC DEBATE LOOMS ON PRODUCTION TARGETS FOR THIRD AND FOURTH QUARTERS
- OTAIBA INSISTS ON MAINTENANCE OF OPEC AGREEMENT TILL YEAR END
- ARAB OIL MINISTERS DECIDE TO RESTRUCTURE OAPEC
- Third Ship Damaged by Mine off Kuwait
- Otaiba Rules Out Use of Naval Facilities in UAE
- Nazer Warns against Price Increases
- Increased Production in Oman and Qatar
- Showa-Shell Signs up for 30,000 b/d Iranian Term Contract
- Bangladesh Buys Iranian Crude
- Two Japanese Firms Renew Kuwait Term Contracts
- Negotiations on LNC Sales to Turkey Go Ahead
- Bouri Offshore Field to Start Production at 50,000 b/d in 1988
- Details of Khalda Petroleum's Yasser and Amoun Discoveries
- Oil Production Drops 1.4% in May
- Refining Capacity to Rise 36.7% in coming Five Years
- Capacity of Projected Umm al-Quwain Smelter to Be Doubled to 240,000 Tons
- Amoco Sharjah to Resume Exploration Drilling
- Lebanese Minister Says Oil Subsidy Will Continue Despite Economic Difficulties
- 2Q Demand Estimate Reduced in Latest IEA Figures
- UASC Registers a Net Loss of Over $30mn in 1986
- Mexico Honors Understanding with OPEC to Restrict Exports to 1.32mn b/d
- Netback Values
Financial & Banking News
- More US Banks Follow Citicorp Lead on Provisioning despite Brazilian Offer
- CBE Blocks another Islamic Bank Takeover
- Bank al-Jasira 1986 Profits Drop 84%
- Saudi Cairo Issues New Capital despite Poor Results
- Commerzbank Pulls Out of Saudi Bank
- BIS Estimates $36bn Oil Exporter's Deficit in 1986
- Saudi Stock Exchange Dealings Suspended
- Arab stake in Smith Barney Sold
- KFAED Lends $46mn to Egypt
- IBD Approves $26mn in Loans
- Netherlands Forgives $7mn Egyptian aid Debt