Issue 40
Oil News
- Saudi Arabia Moves to Cut Back Floating Storage
- Saudi Arabia Gives Green Light for Boeing Offset Projects
- New Petro in Deputy Governor Appointed
- Norway Reconfirms Support for OPEC
- China Continues Support for OPEC
- Lukman Says OPEC Will Stick to Quotas
- IEA Lowers 3Q Demand Forecast
- Reflagging of Kuwaiti Tankers to Go Ahead this week despite Congressional and Iranian Pressures
- Japanese Term Deals for Iranian Crude Reach 260,000 b/d
- East Germany and Iran Discuss Oil Deal
- Iranian Crude for Nicaragua
- Second Platform Installed at Mouri Field
- AOMA-OPCO's Reserves Estimated at Over l0bn Barrels
- ADNOC to Renew Crude Deal with Sri Lanka
- Oman Revises Production-Sharing Terms of Sahmah Concession with Elf Group
- NRA Discovers Gas in Northeast Jordan
- Sun Oil Continues Exploration Drilling in Kosti Basin
- East West Center Seminar on China Energy and Mineral Policies and Planning
- Publications Received
- Netback Values
Financial & Banking News
- Banque du Liban Increases Reserve Requirements
- Jordanian Bank to Extend West Bank Operations
- Riyad Bank Reports 11% Profit Decline
- LAFB Profits Fall 14%
- Securities Group Reports Turnaround
- Iran-US Tribunal Makes Record Award to US Oil Company
- KIO Stock Sales in London Raise $290mn
- NRK Signs World Bank Issue
- Saudi Arabia Renews $100mn Annual Aid to North Yemen
- IDB Lends Turkey and Algeria $15mn
- West German 1987 Aid to Morocco and Jordan