Issue 49
Oil News
- UN Secretary General Suggests Raising $1.6BN Value Ceiling For Iraqi Oil Sales
- Any Increase In OPEC Output Ceiling Must Be Conditional Upon Prior Attainment Of $21/B Price Target, Says Iranian Oil Minister
- OPEC Basket Price Increases to $18.50/B in August
- Saudi Arabia Raises Light and Medium Crude Prices and Cuts Heavy for October
- Abu Dhabi and Oman Raise August Prices by 30-40 Cents/B
- OPEC Production Hits 23.5mn b/d in August
- Soviet Oil Minister Lowers 1991 Output Estimate
- NIOC and Japex Reach Agreement on Exploration and Development of Hormuz Fields
- More Kuwaiti Crude Sales
- Kuwait Finalizes Fire-fighting Contract with KBG
- Shell Gas Discovery in Matruh Permit
- Yukong Acquires 25% Interest in al-Nabk Permit
- 120 MW Gas Turbine Power Station for Dair al-Zur
- Nabors of Canada Spuds First Well in Jana Block
- AOC to Boost Khafji Output to 280,000 b/d in 4Q
- Oxford Energy Seminar Gets Under Way
- Netback Values
Financial & Banking News
- Gulf Banks Cope Well with Gulf Crisis, but Face Bigger Challenges ahead
- Sparks Fly at Qatar National Bank
- Central Bank of Kuwait Considers $17bn Local Debt Buyout
- Alba Signs $110mn Loan for Retrofit Project
- New Omani Banking Law Gives Central Bank Increased Powers