Issue 05
Oil News
- Saudi Production Reportedly Averaged 6.4mn B/D in October
- Japanese Buy 169,000 b/d in Fourth Quarter
- NITC Fleet Comprises 28 Vessels
- US Signs Trade Agreement with Iraq
- New Discovery at North Rumaila
- Iraq-Soviet Trade Reaches $2bn in 1988
- Avia Explains Crude Oil Lifting Deal with Yominco
- OPEC Output Hits Five-Year High in October Says IEA
- Ginanjar Warns of Instability if OPEC Fails to Reach Agreement
- Chalabi Warns Low Prices May Spur Import Taxes
- South Yemen and Oman Agree to Demarcate Disputed Border
- Ropme Studies Plan to Clear Gulf
- Dugas to Produce 600,000 Tons of NGL in 1988
- Aramco Receives Pre-qualification Documents for Petroline Expansion
- Sulphur Production to Start in 1991
- Netback Values
Financial & Banking News
- UAE Cabinet Approves 1988 Budget
- Riyad Bank and Saudi British Post Uncertain Recovery
- Al-Rashid Commercial Bank starts Operations
- UAE Banks Obliged to Raise Local Employment
- Kuwaiti T-Bill Issue Underallocated as Rates Rise
- Dubai Court Orders AREG to Settle UBME Debt in Full
- Kuwait Asks for Indefinite Time Limit on BP Divestment
- UAE Signs OPIC Accord with US
- Venezuela Raises New Money, Brazil Clears Arrears
- IDB Approves $85.64mn in Loans and Grants
- BADEA Lends $14mn to Madagascar and Benin