Issue 38
Oil News
- Kuwaiti Oil Policy Expected To Remain Unaffected By Cabinet Change
- Egypt To Sustain Production At 870,000 B/D
- Boussena Starts Gulf Tour; Iraq Criticizes UAE on Production
- Kuwait Supports OPEC Summit
- Nigeria's 1989 Crude Output Rises 18.3%
- Iran and Japanese Buyers Agree on Price Reductions for July
- Egypt Reduces Prices by $1.00/B for Second Half of June
- Yemen Lowers 3Q Crude Price Formula
- New Government in Kuwait; Oil Minister Appointed Minister of Finance
- Biographical Details of New Oil Minister
- SCOP Accorded Wider Authority
- Swiss Court Lifts Ban on Gatoil Sale to Oilinvest
- South Korea's Hyundai Awarded Polyethylene Construction Contract
- King Fahd Again Urges Adherence to OPEC Quotas
- Britain Proposes More Saudi Offset Projects
- Saudi Arabia Invites Bids for Copper Exploration
- Contracts Signed to Rebuild Kharg Island
- Amoco Awarded $600mn by Hague Tribunal
- Elf/Aquitaine Awarded New Exploration Permit in Qatar
- Oil and Gas Output Up 1.6% in 1989
- Sun Oil Withdraws from Concessions in the Sudan
- Netback Values
Financial & Banking News
- BMA Lifts all Restrictions on Local Currency Deposits
- ABC Share Issue Oversubscribed
- Bahrain's Al-Ahli Bank Declares Losses and Restructures Board
- Iran Devalues Riyal for Non-Essential Imports
- KIO Bids for Total Takeover of Torras