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Issue 37

Oil News

  • PRICE UNCERTAINTY GROWS AS CRUCIAL OPEC CONFERENCE APPROACHES
  • Mexico Cuts Heavy Crude Price
  • China Cuts Crude Price by 60 Cents/B
  • Gharazi Suggests Further Cut in OPEC Ceiling
  • Iraqi Oil Minister Accuses Iran and Nigeria of Undermining OPEC Price Structure
  • Nigeria Countertrades with Italy
  • Algerian Press Attacks "Incoherent" OPEC Actions
  • IEA Again Warns Against Complacency
  • Iran Offers Japanese Buyers 50% Trade Linkage for Oil Purchases
  • OMV Buys Part of Occidental's Equity Interest
  • Libya-Spain Barter Deal Falls Through
  • UAE Oil Ministry Proposes Strategic Reserve Project for Oil Products
  • Abu Dhabi's West Mubarraz to Start up in 198
  • ADMA-OPCO Finds Oil in Three Wells
  • NPCC Wins $77mn Contract from ADMA-OPCO
  • Egypt to Attain Targeted Output of 1mn B/D in FY 1985-86
  • Keppel Awarded $4.5mn VLCC Conversion Contract for Geisum Field
  • Bechtel Assists in Expansion of Abu Qir Offshore Gas Field
  • Marathon Finds More Gas in Homs
  • AMPTC Sells Fourth VLCC

Financial & Banking News

  • Kuwait Cuts Development Spending to Balance Budget
  • BIS Detects Narrowing OPEC Deficit
  • Central Bank Comes Under Fire in Kuwait
  • Saudi Arabia Provides Aid to Three Countries
  • Amendment Proposed to KFAED By-Laws
  • IBRD Lends $87 to Three Arab Countries
  • ARAB BANKS ADAPTlNG SUCCESSFULLY TO A NEW ERA OF RISK TAKING

The Political Scene

  • The Middle East Situation
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