Issue 39
Oil News
- Iraq Steps Up Pressure Campaign To Cut OPEC Output And Strengthen Prices
- Iraq Targets $25/B Minimum Price for Crude
- Iraq Rejects Increase in Ceiling before Reference Price Rise, Says Chalabi
- OPEC Meeting Should Focus on Price Issue, Says Aghazadeh
- Otaiba Rebuts Criticism of UAE on Overproduction
- Kuwait and Iran Link 3Q for Japan to Saudi Price
- Libya Lowers 3Q Price Formula by 10-15 Cents/B
- Syria Lowers 3Q Price Formula for Light Crude
- Yemen Crescent Petroleum Awarded Contract for Two Blocks in the Shabwa Area
- USSR Wants to Stay in Yemen Exploration Consortium
- Syria FPC Output Up 30,000 B/D in Past Four Months
- Ankara Meeting Fails to Reach Agreement on Euphrates River Distribution
- Fluor/Parsons/Lummus Win Aramco Expansion Contracts
- Iraq, Jordan and Saudi Arabia Agree on Spur Line Linking IPSA and Tapline
- Minister's Book Details Estimates for UAE Oil and Gas Reserves
- Union Carbide to Build Latex Plant in Dubai
- ASRY Invites Prequalifications from Bidders for New Dry Dock
- Conoco to Sell Western Desert Holdings to Repsol
- Sun Oil Issues Statement on Withdrawal from the Sudan
Financial & Banking News
- Oman Shows Rise in GDP and Trade Surplus
- Saudi Arabia's Reserves Plunge
- NCB Improves Performance but Has Accounts Qualified again
- Alba Loan Raised to $650mn, but Questions Still Remain
- Morocco Close to IMF Standby Accord1