Issue 16
Oil News
- Saudi-Japanese Joint Refining Venture Could Reach 750,000 B/D
- Some OPEC Members Announce Ad Hoc Production Cuts
- IEA Projects 0.5mn b/d Increase in World Oil Demand in 1992
- FIS Refuses to Recognize International Agreements Concluded by New Algerian Government
- Iraq Announces Bakr Oil Export Terminal Ready for Operations
- Libyan-Italian Study Calls for Export of 8-10 Bn Cu. Ms./Yr of Natural Gas
- Nimr Petroleum Finalizes New Exploration Deals in Yemen and Plans Joint Ventures in US and North Sea
- No Large Increase Planned in Abu Dhabi Oil Production Capacity, Says Mazrouei
- NPCC Wins Contract for Das Island Sulfur Terminal
- Syrian Production Nearing 500,000 b/d
- EGPC Invites Bids for Acreage in Gulf of Suez and Western Desert
- BP Relinquishes Share in Qatargas
- Qatar Plans to Construct Second Methanol Plant
- Qatar Contract Volumes for 1992
- Saudi Aramco Awards Contracts for Hawiyah Area
- Kuwait Awards Contract for Repair of SBM Off Mina al-Ahmadi
- Bandar Abbas Refinery to Start Up in 1993 with 232,000 b/d Capacity
- Japanese and British Firms Win Fertilizer Plant Contracts
Financial & Banking News
- Cancellation of Second Round of Voting Gives Little Comfort to Bankers
- Citibank, Indosuez and Paribas to Underwrite Qatar Fuel Additives Financing
- Indosuez Expected to Finance Two Boeings for Gulf Air
- ABC's Hong Kong Subsidiary to Raise $30mn Floating Rate CD
- UAE Decree Rolls Over 1991 Budget for 1992
- IMF Says Far Reaching Reform is Needed for Syrian Economy to Improve
- United Saudi Commercial Continues Profits Growth, Will Issue Bonus Shares
- Investcorp Profits Fall After Difficult Year, but Profitability Remains High