Issue 36
Oil News
- Tough Talk Among OPEC Ministers Underlies Vienna Decision To Rollover Output Ceiling For 3Q
- Saudi Arabia and Iran Reduce Overseas Storage to Operational Requirement LevelsĀ
- Hiti Says Iraqi Export Capacity Will Reach 1mn b/d by End-1991; Invites Foreign Companies to Participate in Raising Production Capacity
- De Cuellar Wants Iraq to Pay 30% of Oil Revenues for Compensation; US Asks for 50%
- Kuwait to Double Fire-Fighting Effort during the Next Two Months
- Chevron Concludes Spot Deal with Iran for US Market Pending Treasury Approval
- Saudi Aramco Raises Price Formula to Europe by 20 Cents/B in July
- Abu Dhabi and Oman Raise Prices by 60-80 Cents/B for May
- OPEC Basket Price Rises to $17.78/B in May
- Nazer Denies Saudi Dissatisfaction with Japanese Proposal for Joint Venture Arabia Refining
- Fire at Jubail Refinery Reduces Throughput Slightly
- Ibn Zahr Awards Letters of Intent for Expansion Projects
- IEA Sees Demand Decline in 1991
- IEA Welcomes Contacts with Oil Producers But Insists Production and Price Determination Must Be Left to Market Forces
- Mitsui Wins Contract for Adgas LNG Tankers
- Oman's Oil Minister Supports OPEC's Production Freeze
- Qatar Invites International Firms to Submit Exploration Bids for Block No. 5
- Netback Values
Financial & Banking News
- ABC, Chase and Riyad Bank to Arrange $110mn Loan for Alba
- Gulf Air Invites Bids for Three Boeing Aircraft
- Saudi Arabia Signs and Draws Down $2.5bn Loan from Local Banks
- Oman is Negotiating $300mn Loan
- Chase's Middle East Manager Elected to SAIB Board
- IMF Approves Standby Credit for Algeria
- Kuwait Asia Board Defers Decision of Bank's Long Term Future
- GIC's Profits Fall Due to Gulf Crisis
- Omani Banks Show Low Profitability as Central Bank Pushes for Mergers