Issue 28
Oil News
- PATH TO OPEC/NON-OPEC COOPERATION WILL NOT BE EASY
- Iran Lowers 2Q Price Formula for Japanese Buyers
- Libya Establishes Foreign Petroleum Investments Corporation
- Turkey Expresses Interest in Expanding the Throughput Capacity of the Iraqi-Turkish Pipeline
- Kartasasmita Backs Adherence to Current Production Ceiling
- US Frigate Damaged by Mine
- Algeria Supplies North Yemen with Crude on Soft Credit Terms
- International Petroleum to Drill Third Development Well in Bukha Concession
- Oil Prices Raised by 10-60 Cents/B for Second Half of April
- Conoco Makes First Substantial Gas Discovery in Gulf of Suez
- CFP-Total Undertakes Seismic Surveys in Algeria
- International Petroleum to Drill in Ras al-Khaimah Onshore later this Year
Financial & Banking News
- GIB, ABC both Report Underlying Earnings Decline
- Gulf Bank of Kuwait Shows Major Improvement in Profitability
- UBME Declares 39% Profit Growth
- CIDCO Profits Hit By Securities Losses
- Two UAE Banks Increase Profits
- Two Gulf Insurers Report EarningS Decline
- KIO Bid for Ebro Appears Successful
- ADCB Arranges $50mn Soviet Loan