Issue 32
Oil News
- OPEC/NON-OPEC NEGOTIATIONS MUST MAINTAIN MOMENTUM SAYS OMANI OIL MINISTER
- Nazer Rebuts Criticism of Saudi Stand in Vienna
- Iran Blames Saudi Arabia for OPEC Deadlock
- $18/B "Fair" Says UK Energy Secretary
- Oman and Abu Dhabi Raise Prices by $1.35-1.44/B for April; Boost Output in May
- Qatar Maintains Price Formula Unchanged for May
- Saudi Arabia Extends Market-Related Formula Pricing till end-July
- Saudi Refining Capacity Projected to Rise to l.9mn b/d In Early l990s
- SABIC's Net Income Surges In 1987
- Saudi Arabia and Kuwait Reduce May LPG Prices
- Q8-Italia Raises Capital to $67mn
- Kuwait Doubles Kerosene Price
- Iranian Production Close to Quota
- Iran to Supply up to 3mn Barrels of Oil to Bulgaria
- Iranian Tanker Damaged
- Joint Detergent PLant Projected In Iraq
- Expansion Underway at Aden Refinery
- Brown and Root In Letter of Intent for Qatar's Gas Project
- Investors Consider Plan for Qatar Aluminum Smelter
- Egypt Earns $632.5mn from Sumed Since 1977
- Occidental Group's Concession Covers Bosra Block in South- west Syria
- Netback Values
Financial & Banking News
- A "Second Division" Emerges amongst Kuwaiti Banks In 1987
- Egypt's Islamic Investment Company Sector rocked by Scandals
- Commercial Bank of Kuwait Reports 28% Profit Growth
- UBK Profits Decimated by October Meltdown
- Gulf Riyad Loses $18mn on LDC Provisioning
- Rafidain's Iraqi Banking Monopoly to End after 14 Years
- KIO's Ja'far Defends Role in Spain
- Commercial Banks Hold 58% of Kuwait Public Debt
- Kuwait Government Debt Outstanding Reaches KD1.2bn