Issue 15
Oil News
- Vienna Talks Yield No Fresh Prospect Of Renewed Iraqi Oil Exports
- OPEC's 12 February Meeting Might Decide on Immediate Output Cutback
- OPEC Crude Production Hits 24.3mn b/d in December
- OECD Forecasts Oil Demand Increase of 0.9% in 1992 and 1.5% in 1993
- PIRA Study Projects Further 2mn b/d Drop in Soviet Oil Demand by 1995; Oil Exports Expected to Stay Flat
- Saudi February Prices Down for Light/Medium, Up for Heavy to US/Europe
- Abu Dhabi and Oman Reduce Prices by $3.25-3.08/B in December
- No Change in Qatar Price Formula for December
- Moore Praises Saudi Policy for Resisting Higher Oil Prices; Iraq and Iran Attack Oil Glu
- Iranian Output Registers Sharp Rise in December
- Iranian Gas Exports to USSR to Be Limited to Azerbaijan
- Samarec Finalizes Four More LPG Contracts
- Saudi LPG Prices Rise under Samarec's New Formula
- Occidental Announces New Discovery in Oman
- Kuwait's Crude Oil Production Rises to 550,000 b/d; Mina Abdullah Refinery Re-Commissioned
- Arco Farms into Marathon's Palmyra Permit
- FPC Makes Three Discoveries in Ash Sham Permit
Financial & Banking News
- Citibank Sells 10% of Saudi American to State-Owned Organizations
- Riyad Bank Flotation to Go Ahead on 15 January, with Procedural Changes
- Religious Authorities in Saudi Arabia Condemn Use of Interest: Tantawi Seeks Middle Way in Egypt
- Bankers Trust Is Yet to Enter Algerian Debt Restructuring
- Banks Receive Information Memorandum for Ibn Zahr's $500mn Loan
- Morocco Hopes to Sign IMF Standby Soon, Opening Way to Paris Club
- World Bank Identifies Priorities for Lebanese Reconstruction