Issue 16
Oil News
- GULF PRODUCERS FEEL DISSATISFIED WITH DUBAI PRICE YARDSTICK
- OPEC PRODUCTION CAPACITY HAS FALLEN TO 25Mn B/D ACCORDING TO NEW STUDY
- Reagan Eases Ban on US Oil Companies in Libya
- Intensive Contacts to Uphold the November Agreement; Idea of OPEC Summit Gathers Momentum
- Norway and USSR Will Send Observers to OPEC/Non-OPEC Experts Meeting; North Yemen Will also Attend
- Kandil authorizes Additional Output of 50,000 b/d during Winter Season for Power Generation
- Egyptian Oil Prices Raised by $1.25/B for Second Half of January
- Egypt Concludes Oil Exploration Deals with IEOC, Phillips and Amoco
- Oil Trade Surplus down 44.1% in First Half of 1988
- Abu Dhabi Reportedly Plans Output Cut in February
- Saudi Volume Cuts on February Nominations Focus on Far East Deliveries
- Saudi Military Contracts Awarded to US/UK Companies
- Iraq Exports Fao Blend Crude from Northern Gulf
- Contracts Awarded for al-Anbar Power Station
- Poland Imports 26,000 b/d of Crude Oil from Iraq
- NITC Tanker Fleet Stands at 3.9mn dwt.
- Italy and Iran Settles Debt Dispute
- Iraq Requests Readmission of Egypt to OAPEC Membership
- Oil Companies to Spend More Outside US in 1989
- Netback Values
Financial & Banking News
- US Insider Trading Scandal Implicates Tamraz, Complicates Almashrek Crisis
- AFS Profits Jump as TC Sales Increase
- Buyers of NBP's Al-Jazira Stake Identified
- Middle East Foreign Debt Reduced and Maturities Lengthened
- UAE Adopts Temporary 1989 Budget
- Iraqi Privatization continues despite Problems
- Jordan Mandates $150mn Loan