Issue 41
Oil News
- New Algerian Government Will Maintain Oil Policy Continuity
- Baghdad Rejects UN Terms For Iraqi Oil Sales
- OPEC Crude Production Reached 23.73Mn B/D In June
- OPEC Basket Price Averages $20.18/B in June
- Saudi Price Formulas for August
- Oman Raises Price $1.50/B in June
- Qatar Reduces Price Formulas 5-10 Cents/B for June
- Syria Lowers Price of Light Crude but Raises it for Heavy
- Elf and Sumitomo Agree to Promote Qatari LNG in Japan and the Far East
- Norway Workshop Accentuates Differences Among Producers and Consumers Over Carbon Tax
- Shell Group Acquires BP's al-Jazira Permit
- Elf's Syrian Production Averaged 7,500 b/d in 1991
- Iranian Output Down in June
- Romania Plans Purchase of 2mn Tons of Iranian Crude Oil in 1993
- ADMA-OPCO's Production Running at 500,000 b/d
- SCA Awards Contracts for Expansion of Southern Section of Suez Canal
- Azerbaijan Joins Oman-Kazakhstan Pipeline Consortium
- Arco Acquires Tullow Oil and Coplex Equities in North Sanau Block
- KPC Signs 60,000 b/d Term Contract with Yukong
- Sonatrach and BP Sign Cooperation Agreement
- Total Regains 100% Ownership of Marketing Subsidiary in Lebanon
- Saudi Arabia's NIC Signs Agreement for Glass Manufacturing Plant
- Publications Received
- Netback Values
Financial & Banking News
- New Algerian Prime Minister Favors Dirigiste Economics, but His Options Are Limited
- Financing in Place for Third Stage of Algeria's Gas Line to Italy
- Sharjah Will Use Gas Revenues from Dubai to Fund Local Debt
- US Comptroller of Currency Closes NCB's New York Branch
- Commerzbank Wants to Sell its Stake in UBAE Arab German Bank
- Jordan to Repay Military Debt to Russia with Cash and Commodities