Issue 02
Oil News
- OPEC SPLIT DEVELOPS ON OIL PRICE INCREASE FOR 1988
- South Yemen Plans Major Oil Export Pipeline
- Reports of Possible Saudi Acquisition of 49% Stake in Exxon's European Operations Lack Substance
- Petromin Blending Plant Goes into Commercial Production
- Iran Attacks Two Tankers in Kuwait Territorial Waters
- Iraq May Raise Oil Reserves Estimate to 100bn Barrels
- Aghazadeh Holds Gas Talks in Moscow
- Encouraging Oil Discovery in Algeria
- Algeria to Sell LNG to Greece
- North Yemen Refutes Basis for Lawsuit Against Yemen Hunt Oil Company
- Kandil Retains Oil Portfolio in Cabinet Reshuffle
- Oil Prices Remain Unchanged for Second Half of October
- Western Desert Oil Output Rises to 70,900 b/d
- Arco's 'Asran Discovery Assigned to GPC
- Negotiations with Marathon Stalled
- Near Capacity Production at Dubai's Smelter
- OAPEC Calls on Superpowers to End the Gulf War
- Zamil Says EC Shows More Understanding of GCC Position
- New Publications
- Netback Values
Financial & Banking News
- Abu Dhabi Banks Face Renewed Uncertainty over Interest
- Egypt to Abolish One Forex Rate
- US Allows Bankers Trust to Repay Libya
- Arab Saudi Bank Improves in First Half
- Tamoil to Double Capital
- Kuwaiti Borrowing to Start after early November
- AFESD Lends $89mn to Three Arab States
- SFD Lends $16mn to North Yemen and Ghana
- IDB Lends Jordan $11.6mn
- Italy Grants Sudan $10mn
- Libya to Replace British Aid to Fiji
- Libya Extends Aid to Surinam
- France to Increase Aid to Egypt
- UK Extends $16mn for Jordan's Development Plan