Issue 23
Oil News
- Kuwait Output Exceeded 2Mn B/D In February
- OPEC Basket Price Averaged $17.66 in February
- Saudi Arabia Crude Prices for April Remain Mainly Unchanged
- Abu Dhabi and Oman Raise Crude Prices for February
- Nigeria Raises Prices of All Crudes by 15-17 Cents/B for March
- No Change in Libyan Prices for March
- Syrian Heavy Price Up 15 Cents/B in March; No Change in Light
- Abu Dhabi Programs 110,000 b/d Production Cut in March
- New Bunkering Facilities for Fujairah
- New Grease Plant for ADNOC-FOD at Umm al-Nar
- Iraq Rejects Latest OPEC Accord
- Kuwait Recuperates Rutqa/Rumaila Oilwells Under New Border Demarcation
- Shuaiba Refinery to Restart in June
- US Senators Call for Expanding UN Sanctions Against Libya to Include Oil Boycott
- Austria's Voest Alpine Awarded Steel Expansion Contract
- Authorities Investigate Bombings at Oil Installations
- Floods Damage Refineries and Pipelines
- Iran to Sell 10,000 b/d of Crude Oil to Slovenia
- Egypt Alters Deadlines on 16 Oil Tracts on Offer
- Khalda's Kahraman Field Starts Production at 2,000 b/d
- US Group Awarded Palmyra TSP Project
- SAMAD to Build DOP Plant at Jubail
- Japan's Crude Oil Imports Rose by 3.2% in 1992
- De Ladoucette Named Director of International Relations for Elf
- Netback Values
Financial & Banking News
- National Bank of Kuwait Relinquishes Arranger's Role for al-Ghanim Loan
- Albaraka International Bank Yields to Pressure for New Shareholders
- Concessional Funding Ready for Lebanon, Egypt, Sudan and Jordan
- Eight Banks Lend $34mn to Oman Refinery Company
- Omani GDP Increased by 9% in 1992
- Egypt Announces More Good Intentions on Privatization
- National Bank of Kuwait Continues to Increase Profits but Cuts Dividend
- Bahrain Int'l. Bank Declares Increased Profits as New Strategy Takes Shape
- Big Rise in Profits for Saudi-French Bank, but Provisions Remain High