Issue 11
Oil News
- OPEC Reaffirms Quota-Free Production Until Gulf Crisis Is Resolved But Pledges Prompt Return To Quotas Thereafter
- Text of OPEC Press Release
- Texts of Iraq's Reservation and Kuwait's Reply
- OAPEC Moves Headquarters Temporarily To Cairo
- OPEC Production Hits 23.6mn b/d in November
- IEA Puts OPEC Production at 22.9mn b/d in November
- Oil Market in "Manageable Balance" Says IEA
- US Energy Department Says Japan Stockpiling Oil; Japan Denies Allegation
- Forecast Shows Energy Demand Growth in Pacific Basin States to Outstrip World Average during next 40 Years
- Total and Shell Obtain ADNOC Price Plus $1/B Premium for Term Sales of Abu Dhabi Equity Crudes to Third Parties
- US Energy Secretary Watkins Says Worst of Crisis over; NYMEX Moves to Limit Price Swings
- Egypt Reduces Oil Prices by $7.00/B
- Iran's Crude Production Recovers in November
- Domestic Consumption on the Rise
- Petrochemical Industry Making Advances in Intermediate Production
- Samarec Lowers December LPG Prices
- Jubail to Have New Soda Ash Plant
- Bed-3 and Abu Sinan Gas Output
- Marathon Strikes Oil with Ash Shaer-5 Well
- Attala North Starts Production Mid-December
- FPC Awards Contracts for Omar-Tishrin Gas Project
Financial & Banking News
- UAE Budget for 1990 Includes Higher Spending and Reduced Deficit
- Rafsanjani Forecasts Doubling of Budget Revenues Next Year
- Japan and Germany Reject US Accusations on Delayed Support for Gulf Forces
- Central Bank of Jordan Receives $173mn from Germany and Japan
- Alba Signs $580mn Export Credit Loans for Expansion Plan
- KFTCIC Completes Move to Geneva