Issue 24
Oil News
- REPORTED SAUDI PRICE MOVES MEET WITH CALM ACCEPTANCE IN OIL MARKET
- CHALABI URGES OPEC TO ADOPT SYSTEM OF FLEXIBLE PRICING WITHIN DETERMINED RANGE SUPPORTED BY PRODUCTION CONTROL
- Saudi Arabia Plans to Expand Petroline Capacity to 5mn b/d
- Nazer and Lukman Discount Immediate Action by OPEC
- Venezuela Cuts Estimate of 1988 Oil Income
- Tanker War Restarts
- FPC Boosts Output to 106,000 B/D; Makes Promising New Discovery at Omar
- Bids Submitted for Ras Lanuf Expansion
- Oil Prices Reduced by 75 cents/B for Second Half of March
- Oil Minister Signs New Oil Agreements with Conoco
- Conoco Relinquishes Geisum Field
- EGPC Fails to Meet Deadline for Payment of Debt to Amoco
- US Oil Company Acquires 49% Interest in Panoco's Suakin Concession
- Uproar over New Figures for Undiscovered US Reserves
- Netback Values
Financial & Banking News
- KIO Stake in BP Exceeds 22%
- KIO Bids for Big Spanish Sugar Group Shares in Ebro
- Saudi British Takes Loss as Income Fades
- SAIB Recovery Runs Out of Steam as USCB Loss Persists
- Al-Rajhi Forms Commercial Bank
- ALUBAF Arab International Slashes Profits
- Outstanding Kuwaiti T-Bills Decline after Seventh Debt Issue
- France Reschedules Iraq's 1988 Debts, Provides New Credit