Issue 14
Oil News
- Algeria Plans Massive Increase in Gas Exports
- Additional Saudi Expenditure on Gulf Crisis Estimated at Double Extra Oil Income
- Ras Tanura Refinery Resumes Production
- Heurtey Petrochem Wins Petrokemya's Furnaces Contract
- Saudi Arabia Raises Heavy Crude Prices in February Formulas
- Abu Dhabi and Oman Lower Assessment Prices for December by $4.85-5.18/B
- Libya Rolls Over Price Formulas for January
- Nigeria Rolls Over Price Formulas for January
- Energy Demand Expected to Rise Significantly in Developing Countries Says World Bank
- PDVSA Formally Approves Expansion Plans
- Clyde Petroleum Acquires 20% Interest in Crescent's Block 2 in Shabwa Basin
- Algerian Energy Export Earnings Increase 36% in 1990
- Sonatrach Approves Plan to Revamp Camel LNG Plant
- Bush Continues Extension of Sanctions Against Libya
- Iran to Supply Czechoslovakia with 60,000 b/d of Crude Oil in 1991
- Compensation Settlements with US Firms
- Iran Awarded $181Mn Against France over Uranium Contract
- Contract with Japan Will Boost Ahwaz Steel Output to 1.5Mn T/Y by 1994
- Soviets Suspend Work on Joint Projects Until Crisis Ends
- Oil Trade Surplus Rises to $1bn in Second Half 1990
- ASRY Shelves $55mn New Dry Dock Project
- Georgetown University Center Holds Conference on Gulf Crisis
- Publications Received
- Netback Values
Financial & Banking News
- Shaikh Salem Offers Reassurance on Kuwaiti Interbank Payments and Guidance on KD Values
- Committee Formed to Consider Resignations from Kuwait Investment Office
- NBK Reported Pressing Ahead with London Incorporation
- GIB Slashes International Operations, but Still Faces Many Challenges
- Iraq's 1991 Budget Projects No Payments on Debts and Arrears
- Saudi Arabia Postpones 1991 Budget, Due to Gulf Uncertainty
- Oman Projects Reduced Deficit for 1991
- Write Off of Egypt's US Military Debt Is Completed