Issue 22
Oil News
- QUESTION MARK STILL HANGS OVER SOVIET CONTRIBUTION TO NON-OPEC OUTPUT CUTBACK
- IRAN PLANS TO BOOST REFINING CAPACITY TO 1.5MN B/D
- Abadan Refinery to Restart in April
- Seven Berths Operational at Kharg Island
- Japan and France Urge Companies to Curb Liftings of Iranian Oil
- Brazil to Import 80,000 b/d of Iranian Crude
- Iran Increases Oil Exports to Yugoslavia
- Iraq to Export Petroleum Products from the Gulf
- USSR Doubles Liftings of OPEC Crude
- Boussena Stresses non-OPEC Role in Reaching $18/B
- Plaza Appointed Venezuelan Governor for OPEC
- Egyptian Oil Prices Raised by 15 Cents/B for First Half of March
- Shell Winning Discovers Oil in Suez
- Terms of IEOC Group's Kanayis Concession
- KOTC Decides Against New Building Tanker Program in View of High Shipyard Costs
- Kuwait and Iran Asking for 40-Cent Increase in 2Q Price Formula
- Sonatrach and Enagas Agree on LNG Price
- Second List of Priority Projects Issued
- Oman/Abu Dhabi Monthly Assessment Prices for February up by 25-30 Cents/B
- ADGAS 1988 Exports to Japan Rise
- ADMA-OPCO 1988 Annual Report
- Bechtel Wins Contract for Saudi Titanium Dioxide Project
- Abdulkareem Appointed Advisor to Petroleum Minister
- Libyan Production Averaged 1.035mn b/d in January
- Syrian Light Blend Tender Awarded to Carbonaphtha
- Aradet Awards Contract for 50,000 ton/year STPP Plant
- QGPC Commissions New Oil Products Complex at Abu Hamour
- New Deputy Minister of Energy and Minerals Appointed
- US Oil Imports Averaged 8.24mn b/d in January; Production Declines
- Publications Received
Financial & Banking News
- Banque de France Closes Tamraz' Paris Bank
- Saudi British Losses Wipes Out Capital Increase
- USCB Declares First Profit since 1984
- Three UAE Banks Increase Profits
- Algeria Borrows $630mn
- KIO's Spanish Bank Holdings in Chaos
- AFESD Lends $121mn to Egypt
- KFAED Lends $22mn to Syria
- Italy Signs $400mn Aid Deal with Egypt
- Jordan to Get $28mn in Japanese and German Aid