Issue 40
Oil News
- Qatar Plans Major Entry Into World Gas Market
- Abu Dhabi Raises Prices $1.40-1.50/B in June
- Nigeria Raises Price Formulas by 5-10 Cents/B for July
- Kuwait's Oil Production Rises to 1.08mn b/d; Minister Denies Oilfield Damage
- Oil Reconstruction Cost Put at $6.8bn
- Kuwait to Supply Iran with 100,000 Tons/Year of Oil Products
- IMF Expects World Oil Demand to Increase 1.5% Annually in Medium Term
- Naimi on Saudi Aramco's Tanker Orders and Capacity Expansion
- Petromin-Shell Refinery Studies Upgrading of Gasoil Unit
- Nimir Petroleum Joins Shell in Romanian Exploration Venture
- Go-Ahead Given for the Construction of the Western Gas Pipeline
- Algeria Signs Mineral Research Agreement with US Consortium
- Morocco Ratifies 1972 Border Agreement with Algeria
- Iran and Tajikistan Sign Cooperation Agreement
- Qatari Firm Wins $150mn Iranian Contract for Bandar Abbas Shipyard
- Qatar Rejects Bahrain's Demand for a Joint Petition to ICJ on Border Dispute
- Crescent Petroleum Drills World's Deepest Well
- Gasco Awards Canadian Firm Contract for Bab Gas Recovery
- Egypt Raises Prices of Gasoline, Fuel Oil and Natural Gas
- Abu Sinan Gas Output Rises to 56mn Cu. Ft. Daily
- Nadir Nabulsi Appointed Oil Minister
- SPC Discovers Oil in Central Syria
- Libya Gets First LNG Tanker
- OAPEC to Hold Lubricant Marketing Seminar in Cairo
- The Unified Arab Economic Report 1991
Financial & Banking News
- Mahfouz Plans "Aggressive Response" to Fraud Charges
- Iran Takes a Look at the Eurobond Market
- Yemen Reschedules $120mn L/C Facility...
- Kuwait Asia's Directors Decide to Liquidate Bank
- Arab Banking Corporation Seeks Representative Office in Tehran
- UAE Central Bank Chairman Urges Banks to Improve Capital and Cut Lending
- KFAED Lends Egypt $155mn for Power Project
- Kuwaiti Assembly Votes to Deny Aid to Countries which Supported Iraq
- Egypt's Urban Inflation Falls to 16.3%, Report Says