Issue 02
Oil News
- UN Lines Up Monitoring Committee For Iraqi Oil Sales But Prospects For Early Resumption Of Exports Look Hazy
- Oman Hopes To Raise Output To 750,000 B/D Next Year
- Abu Dhabi Plans 4Q Production Boost
- OPEC Production Hits 23.7mn b/d in September
- IEA Estimates OECD Demand Down by 3.5% in 3Q 1991
- IEA and OPEC See Eye-to-Eye on Discussion Plan for Experts' Meeting
- OPEC Needs $120bn Investment to Meet 1995 Crude Oil Demand, Says Subroto
- Venezuela's Crude Output Averages 2.3mn b/d in First Half 1991
- Iranian Crude Output Unchanged at 3.2mn b/d in September
- Romania Seeks Purchase of Additional 30,000 b/d from Iran
- Egypt Raises Price Formula for Suez Blend in Second Half of October
- Syria Raises 4Q Price of Light Crude by 5 Cents/B
- New Algerian Oil Discovery for Italy's Agip
- Sonatrach Signs $60mn Exploration Agreement with Canadian Firms
- Jubail Refinery Shut Down for Maintenance
- Samarec Raises October LPG Prices
- Ibn al-Baytar's New Fertilizer Complex Starts Commercial Production
- Fire-fighting Work Gathers Pace; 80% of Damaged Oil Wells Recapped
- Japex Oman Plans to Increase Output of Daleel Field to 12,000 b/d
- QGPC Merges Its Offshore and Onshore Divisions
- Texas Supreme Court Upholds Summary Judgment in Favor of Hunt Oil
- New EC Trade Offer Could Reactivate Negotiations with GCC
- Soviet Union Will Quadruple Domestic Oil Price in 1992
- Publications Received
Financial & Banking News
- Aggressive Pricing Will Make Kuwaiti Loan Hard to Swallow
- Details Emerge on QGPC Phase Two and Qatar Fuel Additives
- Banks Agree Landmark Algerian Refinancing
- Citibank Hopes to Sign Algerian LNG Loan on 15 October
- Terms of Vela Loan still Being Discussed, No Allocations yet
- Syndication of $300mn for Sultanate of Oman near to Closure
- Saudi Arabia to Replace BSDAs with Treasury Bills
- $2.7bn Transferred Out of Kuwait since August
- Egypt Adopts Single Exchange Rate
- Iran to Spend $6bn on Improved Telecommunications