Issue 08
Oil News
- Abu Dhabi/UAE Oil Policy Unaffected by Cabinet Reshuffle
- UAE to Double Oil Supplies to Turkey
- No Agreement between Iran and Qatar on Joint Offshore Gas Development
- Texas Production at Maximum Capacity no Longer Needed, Says Department of Energy
- Kartasasmita Calls upon Industrialized Countries to Draw Down Stocks
- Brazil Imports 589,000 b/d of Crude Oil in 1989, Says Petrobras
- Nigeria Raises December Price Formula
- Egyptian Oil Prices Altered Three Times in Past Ten Days
- Libya Denies Trading Iraqi Crude Oil
- Ezzaouia Field Comes on Stream
- Volatile Oil Prices Caused by Middle East Insecurity, Says CGES Round Table
- PDO Awards French Group Drilling Contract for the Lekhwair
- Saudi Oil Official Rebuts Adelman's Accusations of Saudi "Broken Promises" on Production
- SABIC's Profits Slump 24% in First Nine Months of 1990
- Construction of Jubail Chemical Plant Starts
- NPC Contracts Japan's Nissho Iwai to Supply Bandar Khomeini Components
- Iran to Supply Greece with 1.7Mn Tons of Crude in 1991
- Fire at Dehloran No.5 Brought under Control
- Kandil Puts Egypt's Current Oil Reserves at Over 5.5Bn Barrels
- Egypt to Open Several Areas for Bidding
- Suez Canal Tolls to Rise by 4-6% in 1991
- Petrojet to Build Four Storage Tanks for Sumed
- Maxus Energy to Reevaluate Moroccan Seismic Data
- MEEA Holds 11th Annual Conference in Washington next Month
- Publications Received
Financial & Banking News
- Egypt's Country Creditors Express Sympathy for Debt Concessions
- Algeria Repays $350Mn in Trade Debts with Windfall Oil Profits
- Moroccan Economy Improves Despite Gulf Crisis
- Iranian Economy Performs Better than Expected in First Half
- New BIS Figures Show Interbank Position of Kuwait and Iraq before Invasion
- OECD Figures Show Middle East Country Debt to Eastern Bloc
- Bahrain Middle East Bank Seeks Capital Injection from Kuwait's Burgan Bank
- Bankers Trust Replaces Faysal Islamic as Arranger for Boeing Loan
- European Parliament Rejects Gulf Aid Package