Issue 39
Oil News
- OPEC: APPEARANCE AND REALITY
- Norway to Continue Production Restraint till End of Year
- Ecuador Claims OPEC Quota of 320,000 b/d
- US Senate Rejects Oil Import Fee
- US to Reflag Haiti Ships by Mid-July: Four Vessels Attacked
- Iranian Pipeline Reports Lack Substance
- Yugoslavia Takes Iranian Crude
- Second Pipeline to Start at End of July
- Government to Establish Oil Marketing Company
- Oil Prices up 10 Cents/B from 1 July; Output Level under Consideration
- Deadline for Western Desert offshore Bidding Extended to End of October
- Petromin's Java Retires as Acting Governor
- Petromin's Maintains July LPG Deliveries at 100% of Contract Volume
- Oman Maintains $17.63/B Fixed Price for July
- Fiat Signs Deal for Vehicle Joint Venture in Algeria
- Netback Values
Financial & Banking News
- Deficit in Kuwait's 1987-88 Budget Estimated to Rise by 3.4%
- Sharjah Signs $130mn Rescheduling Agreement
- NBK Arranges World Bank loan in KD Bond Market
- Kuwaiti Company Negotiates UGB Takeover
- Ajwan's FGB Reports 49.8% Increase in Profits
- Saudi Fransi Doubles Capital
- Arab Aid Agencies Commit $745.27mn in September-December 1986
- KFAED Lends Sudan and Turkey $60.32mn
- IBRD Lends Jordan $96.4mn
- OFID Lends Cape Verde $1mn