Issue 29
Oil News
- OPEC Envisages Temporary Production Cutback To Redress 2Q Market Decline
- OPEC Statements of Concern over Price Drop
- Venezuela Plans Production Capacity Test in May
- Japanese Trading Houses Cut 2Q Iranian Crude Liftings
- 2Q Japanese Contract Liftings from Kuwait Fall to 180,000 b/d
- KOC Invites Prequalifactions from Contractors for New Production Facilities
- Iraqi Oil Minister Opposes Aboliton of OPEC Quota System
- Saudi Customers Asked to Indicate Prices for Incremental Volumes
- Herbish Appointed Saudi Governor for OPEC
- Sun Oil Lifts 10,000 b/d for Second Quarter
- Egypt Cuts Crude Prices by $1.95/B for Second Half of April
- Shell to Use Zeit Bay Facilities for East Gemsa Find
- Oman Ready to Lower Production to Help Stabilize Market Prices
- Occidental/Gulf Plan Expansion of Production Facilities in Sunainah Block
- Liquid Helium Plant Established on a Joint Venture Basis
- Tamoil Adds Dewaxing Unit at Cremona Refinery
- Tunisia Awards Concession to Canada's Coho International
- Conference on E&P in Egypt
- MEEA Holds 11th Annual Meeting
- Netback Values
Financial & Banking News
- Morocco and Banks Agree Principles of Debt Rescheduling and Reduction
- IMF Gives Sudan another Chance
- Iraq Predicts Huge Increase in Industrial Production
- Kuwait Opens Stock Market to Boost Trading Volume
- Al-Rajhi Declares Spectacular Profits
- Abu Dhabi Commercial Bank Improves Profits again
- Bank of Bahrain and Kuwait Continues Recovery
- Egypt Grapples with Money Supply