Issue 32
Oil News
- April Sees Further Cut In OPEC Output
- OPEC April Basket Price Highest So Far This Year
- Saudi Arabia Again Raises Medium/Heavy Crude Price Formulas to US
- Abu Dhabi and Oman Raise Prices by $0.85 - 1.20/B in April
- No Change in Qatar Price Formula for April
- Iranian Output Drops Sharply in April
- Yemen Calls Upon Foreign Powers to Mediate Border Dispute with Saudi Arabia
- CanadianOxy Makes New Discovery in Masilah Block
- Husain Kamil to Supervise Conversion of Arms Industry to Civilian Use
- Oman Signs Joint Venture Agreement for Giant LNG Project
- PDO Begins Construction Work on Birba Gas Injection Project
- Tests on IPC's Libyan Wildcat Indicate No Commercial Potential
- ABB Wins $1.25bn Contract for Karun River Hydroelectric Dam
- New Oil/Gas Discoveries
- Samarec Chartered Three LPG Carriers in 1Q 1992
- SAFCO Returns Steady Profit in 1991
- Proser of France Wins Gas Dehydration Unit for Jarn Yaphour
- Fujariah Sets Up Chromite Plant and Opens Calcium Plant
- AMPTC Reduces Capital to Offset Accumulated Losses
- Publications Received
- Netback Values
Financial & Banking News
- Bahrain's Offshore Banks Reassess Their Future
- Two Islamic Finance Groups Hope for Saudi Banking Licenses
- Abu Dhabi Transfers about Dh1.2mn to Sharjah Banks
- Niscorp Loses License, but no Settlement Is in Sight for Creditors
- Delayed Payments Cripple AMF Says Chairman; AFESD Demands $100mn in Arrears from Iraq
- Iran to Apply for Asia Development Bank Membership
- Iran to Allow Foreigners to Take Majority Stakes in Local Enterprises
- World Bank to Extend Two New Loans to Algeria
- Allied Contributions to the US War Effort Total $53.7bn
- Oman's Budget Deficit in 1991 Slightly Higher than Expected
- Egyptian Government Issues Cautious Draft Budget