Issue 37
Oil News
- Iran's Oil Capacity Expansion Plans
- Security Council Refuses to Lift Sanctions against Iraq
- Turkey Rejects Iraqi Request to Reopen Oil Pipeline
- OPEC Output Dropped to 22.2mn b/d in May
- Coastal Receives Treasury Approval for Import of Iranian Oil to US
- Iranian Output Down Slightly in May
- Iranian Petroleum Team Visits GCC States
- Iran Awards $60mn Equipment Supply Contract to Sofregaz
- Oxy Awarded Exploration Acreage in Algeria
- Algerian Oil and Gas Exports Uninterrupted by Political Unrest
- Elf Aquitaine Strikes Oil in Qatar Offshore
- YEPC Announces Three Gas Discoveries in the Marib-Jawf Concession
- Kuwait Starts Crude Production at 25,000 b/d
- Kuwait Oil Wells May Burn for Four to Five Years, Says Red Adair
- AOC Resumes Production from Khafji
- National Assembly Approves Esso, IEOC and TPIC Concession Agreements
- Egypt Opens Red Sea for Bidding
- Abu Dhabi Sells Share in CFP-Total at a Profit
- Bapco Refinery Processed 254,000 b/d in 1990
- Allied Navies Say Minesweeping of Gulf almost Complete
- Publications Received
Financial & Banking News
- Departure of National Bank of Sharjah's General Manager May Presage Big Banking Changes for Sharjah Banking
- UBAF Raises Authorized Capital by FF300mn, but Issue of Gulf Involvement Still Unresolved
- Dutch Banks Guarantee $1bn of Payments from Kuwait to Dutch Companies
- UGB Declares Loss As Investments Go Sour
- Bahrain's Al-Ahli Commercial Bank Returns to Profit