Issue 43
Oil News
- New Algerian Premier Promises Austerity And Anti-Corruption Drive
- Italian Firm Wins Contract for Expansion of Algerian Section of Transmed Pipeline
- Construction of Offshore Section of Western Gas Pipeline to Start next January
- Saudi Arabia and Yemen Agree in Principle to Hold Further Border Talks
- US Administrations Influence World Oil Prices, Says Washington Post
- US Crude Oil Production Lowest in 30 Years, Says API
- World Crude Oil Production Declines 0.8% in 1991, Says CIA
- CanadianOxy Announces Discovery of Three New Fields in Masila Block
- No Agreement for Iraqi Oil Pipeline to 'Aqaba, Says Jordanian Minister
- Cost of Lost Iraqi Oil Sales since Invasion of Kuwait Put at $35bn
- Oman Approves Development of Bukha Offshore Field
- QAFCO Invites Bids for $400mn Expansion Project
- OMV Share of Oil Reserves in Libya Put at 56mn Barrels
- Velayati Urges Germany to Complete Bushehr Nuclear Plant
- IEOC Makes Gas Discovery in N. Port Said Offshore Permit
- Badr al-Din Output Will Plateau at 200mn Cu. Ft./Day in 1992
- Gupco Chairman Puts Egypt's Gas Reserves at 12.1 TCF
- Chevron Signs First Term Contract for Sale of Kuwaiti Oil to the US
- KPC Finalizes Naphtha Term Contracts
- Japanese Consortium Signs for NPK Joint Venture in Jordan
- Upgrading of Ras Tanura Refinery Gets Underway
- Japanese Set Up Company to Study Refining Joint Venture with Saudi Aramco
- Eleven Companies Express Interest in Search for Hydrocarbons in Lebanon
- Conferences
- Publications Received
Financial & Banking News
- UAE Banking Market Remains Uninspired
- Saudi British Bank to Increase Capital to SR1bn from SR400mn
- GIB Shows Small Profit Rise in First Half
- Bahrain's Balance of Trade Shows Big Deficit in First Quarter
- UAE Finance and Industry Minister Urges Spending Cuts
- Algerian Central Bank Governor Replaced