Issue 06
Oil News
- OPEC Maintains Expanded Level Of Crude Output In October
- Saudi Crudes Improve Competitive Position Following Decem- ber Price Changes
- Saudi Arabia Reduces December Price Formulas for Europe by $1/B and for US by $0.20/B
- Abu Dhabi and Oman Raise Assessment Prices for October by $1.30 - 1.70/B
- Nigeria Raises November Price Formulas
- Egypt Reduced Prices by $2.00/B on 5 November
- Saudi Arabia Asks US, Japanese and German Governments to Use Stocks to Arabia Offset Any Disruption of Saudi Production
- SABIC Approves New MTBE Plant for Ibn Sina
- Ibn al-Baytar's New Complex Starts Test Production of NPK
- Danielli Wins Letter of Intent for HADEED's Rolling Mill
- NIC Seeks Bridging Finance
- Chevron Plans to Sell Oil and Gas Assets In Oman
- Brown and Root Awarded $200mn Contract for Lekhwair Development Project
- Gas Injection at Birba Field to Boost Output to 20,000 B/D
- PDO Commissions Five Seismic Survey Crews
- Sun Oil Signs for East Shabwa Block
- Japan's Mitsubishi Continues Construction of Two Kuwaiti LPG Carriers
- Sanctions on KPC and KOTC Operations in Italy Lifted
- UN Sanctions Committee Approves Release of Kuwaiti Crude at Aden
- Dutch Dredging Firms Finish Work at Khor 'Abdallah and Seek to Leave Iraq
- Terms of Arco Group's West and South Delta Concessions
- European Team Contracted for Arak Petrochemical Work
- Inpex Acquires 9% Interest from Total/CFP in Bishri Concession
- Cyprus J&P Awarded Four Contracts in Libya
- Bids Invited for Power Plant at Mlita
- Dubal Completes Expansion Project
- Abu Dhabi Gas Gathering Plant Demothballed
- Onarep Awards Agip an Offshore Concession
- Morocco Increases Retail Prices of Oil Products
- ASRY Appoints New General Manager
- Netback Values
Financial & Banking News
- Credit Lyonnais and BNP Hold Key to Algerian $2bn Debt Restructuring
- Algeria to Receive $1bn in Four New Financing Deals
- Conflicting Figures on Kuwaiti Banks' Foreign Assets
- KIIC Hopes to Open UAE Branch by End of Month
- Bank of England Frees Accounts of Kuwaiti Individuals
- PLO Loses $4bn through Gulf Crisis, Says `Arafat
- UBAF Agrees Capital Increase but Some Shareholders Will not Be Able to Pay
- Omani Closing Accounts Show Revenues and Expenditure Rise in 1989