Issue 15
Oil News
- Saudi Production Will Follow OPEC Agreements Regardless Of Oilfield Maintenance And Planned Capacity Increases
- No Award of Oil Exploration on Development Rights in Prospect in Saudi Arabia
- Saudi Arabia Agrees to Raise Bahrain's Share of Abu Safah Oil Output
- Fina Still Leaves Door Open for 50% Acquisition by Saudi Private Group
- Cheaper Saudi Butane Feedstock Could Boost MTBE Projects
- Samarec and Italy's Saras Agree on 30,000 b/d Processing Deal
- Saudi Aramco Awards Contract for Seismic Studies
- SABIC and Taiwanese Partners to Invest $360mn in Diethylhexanol Plant
- Bechtel to Build SABIC's Polyester Fibers Complex
- Nimir Petroleum/Shell Sign for Malta Acreage
- OPEC Basket Price Averages $18.41/B in 1992
- Saudi Arabia Slashes February Price Formulas
- Abu Dhabi and Oman Cut Prices by 74-85 Cents/B for December
- No Change in Libyan Price Formulas for January
- Nigeria Lowers January Prices for all Crudes
- Investigation Launched into Financial Scandal in KOTC
- Kuwait Concludes Oil Products Supply Agreement with Pakistan
- IPC Awards Contract for Development of Bukha Field
- Oman's Crude Oil Export Figures for 1991
- Oil Minister Inaugurates New Installations at Aden Refinery
- Clyde Petroleum Signs for Hadhramaut Block 10B
- Yemen and Oman Exchange Instruments of Ratification of Border Treaty
- Adgas LNG Expansion Project 60% Complete
- ADMA-OPCO Commissions New Pipeline and Platform
- UAE Businessmen Consider New Steel Plant
- BG Initials Agreement for Tract Off North Sinai
- Egypt's Crude Oil Export Allocations for 1993
- Oil Production Shows Little Change in First Nine Months of 1992
- Harken to Spud Second Exploration Well near Muharraq Island
- Jordan Renews Crude Oil Supply Agreement with Iraq
- Petrofina to Begin Drilling Program in Libya
- ICEED Plans International Conferences for April
- Europe Energy Environment Ltd. Plans Two Conferences for 1993
- Netback Values
Financial & Banking News
- Saudi Budget Foresees Modest and Realistic Growth: Long Term Economic Imbalances Remain
- Omani Budget Shows Widening Deficit in 1993
- Bahrain Receives Budget Boost from New Oil Agreement with Saudi Arabia
- Lawyers for Grupo Torras File Suits against Fuad Ja'far and Javier de la Rosa
- Position of Kuwait's Central Bank Governor Unclear, Amid Press Reports of His Resignation
- Central Bank of the UAE to Adopt New Organization Plan
- Bahrain Monetary Agency Issues New Rules on Mutual Funds
- Saudi American Bank Agrees Bonus Share Plan