Issue 06
Oil News
- SAUDI ARABIA PLANS TO GO ALL THE WAY IN DOWNSTREAM INTEGRATION
- Nazer Repeats Saudi Willingness to Observe Quota
- Still obdurate on Quota
- Board of Governors Recommends Ramzi Salman for OPEC Deputy Secretary General
- Robinson Clarifies Views on Downstream Integration by Producers
- Saudi Prices for December
- Saudi Ministry Licenses Titanium Dioxide Project
- Rabigh Refinery to Start Up in March 1989
- Mitsui Petrochemical to Import Saudi Ethylene
- Saudi Arabia and Kuwait Agree to Step Up Cooperation; Sign Accord on Neutral Zone
- Oman and Abu Dhabi Cut October Prices by 90 Cents/B
- New Prime Minister and Cabinet Appointed; Boussena Replaces Nabi as Oil Minister
- Panhandle Sells Algerian LNG in Florida
- IGAT-2 to Be Completed
- Oil Prices Reduced by 50 Cents/B for First Half of November
- Elf Aquitaine Signs Exploration Deal with South Yemen
- Occidental Starts Exploration Operations
- Kobe Steel to Provide Technical Assistance for Iron Pelletizing Plant
- Netback Values
Financial & Banking News
- Kuwaiti Budget Deficit Halved in 1987/88
- BSDAs Totalled SR11bn in 1987
- JD Forced Lower on Heavy Speculation Despite Further Austerity
- Nine Saudi Banks Show Doubled Profits
- Egyptian Government Cracks Down on Islamic Companies
- Saudi British Bank Raises Capital for Loan Provisions
- Egypt Receives Aid for Power Generation and Health Services
- Italy Lends Tunisia $350mn
- EC Gives Algeria $12.4mn in Food Supplies
- KFAED Lends Benin $8.80mn
- AMF Lends Mauritania $9mn