Issue 19
Oil News
- Impasse On Iraqi Oil Exports Will Ease 2Q Supply Problem For OPEC
- Iraq Calls Off Oil Negotiations With UN
- Roundup of Pre-OPEC Meeting Statements
- Saudi March Prices Up to US and Europe
- Abu Dhabi and Oman Prices for January
- No Change in Qatar Price Formula for January
- Nigeria Introduces Additional Price Cuts for February
- OPEC Basket Price Drops to $16.78/B in January
- Harken Continues Drilling on Bahrain Wildcat
- Significant Drop in US Oil Production at the End of 1991, Says API
- Petroleum Products Demand in the Asia-Pacific Region Rose 6.2% in 1991, Says East-West Center
- APPA Calls for Producer-Consumer Cooperation, Backs OPEC Reference Price
- Horton Says Current Prices Not Conducive to Develop New Reserves
- China to Reduce Oil Exports by 20,000 b/d
- Texaco to Resume Production from Neutral Zone in February
- AOC and JNOC to Study Neutral Zone Deep Field
- Iran Forges Economic Links with Former Soviet Republics
- Kuwait and Iran Agree on Crude-for-Products Barter Deal
- CanadianOxy Makes Another Successful Strike in Yemen's Masilah Block
- Lasmo-Led Consortium Acquires Hadhramaut Block
- QGPC Begins NGL Exports from North Gas Field
- Elf Aquitaine Drills Third Successful Well in Al-Khalij Field
- Iraq Repairs Petrochemical Complex at Zubair; War-Related Industrial Damages Put at $3.8Bn
- Egypt and Sudan in Dispute over IPC's Halaib Concession
- Italy's SACE Gives Go Ahead for Expansion of TransMediterranean Pipeline
- Petromin Revives Luberef 2 Project
- SABIC's Affiliate to Import Phosphoric Acid from Tunisia
- Jordan Renews Crude Oil and Products Supply Agreement with Iraq
- ADNOC-FOD to Build New Grease Plant
- Conferences
Financial & Banking News
- Saudi Aramco and Vela to Raise $2.4bn: Ibn Zahr Syndication Closed
- Libya still Finalizing Takeover of Al-UBAF
- Riyad Bank Share Issue More than Four Times Oversubscribed
- Sudan Frees Exchange Rate and Cuts Subsidies
- Yemen Introduces Dual Exchange Rate
- Kuwaiti Assembly Approves Pay Hike for Government Employees
- Samba's Profits Rise again, Confirming Saudi Banking Trend
- Bahrain's al-Ahli Commercial Bank Cuts Provisions and Increases Profits
- Quwaiz Details Expected Contributions to New Gulf Fund
- Nashashibi Calls on Arab Banks to Develop Local Capital Markets