Issue 38
Oil News
- CONCERN DEEPENS OVER MARKET OUTLOOK
- Saudi Arabia Takes Issue with UAF Oil Minister's Statement on Quota Problem
- Saudi Arabia Shaves Price For ala for July
- NlC's Profits Slump in 1987
- North Yemen Receives Gift of Saudi Fertilizers
- Red Sea Desalination Plant Commissioned
- Development Drilling for North Field Gas Project to Begin in August
- Qatar Government Issues Statement on Wintersball Group Arbitration Award
- Libyan Price Formula for July
- NITC Charters Seven More Tankers; Iraq Resumes Attacks on Iranian Oil Facilities
- Iranian Crude for Pakistan and Greece
- Work Underway on Joint Area Project
- Usoco/Panoco to Develop Suakin Offshore Gas Field
- Kuwait to Provide Sudan with Oil Products on Easy Terms
- IEOC Discovers Oil at Al-Ashrafiya in the Gulf of Suez
- JNOC Undertakes Geological and Seismic Surveys
- US Validates Oppose Oil Import Fee
- UASC Reduces Its losses by 82% in 1987 to $5.6mn
- Netback Values
Financial & Banking News
- Officials at Another Egyptian Investment Company Face Criminal Charges
- UAE Central Bank Backs Down over License Fees
- Al Baraka Finally Succeeds in Buying Pyramids Bank
- Al-Rajhi Offer Oversubscribed 7.6 Times
- New Joint Libyan-Algerian Bank
- MAIB Recapitalizes After Losses
- Lack of Rescheduling Agreements Jeopardizes Egypt/IMF Agreement
- KIO To Sell Part of Spanish Property Interests
- Kuwaiti Borrowing Restricted to Replacement Issues
- Second Issue of Sinai Bonds Expected
- Arab Aid Drops 27% in 1987