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Issue 08

Oil News

  • Yamani Warns Price Could Drop to $20/B
  • Subroto Denies Indonesian Netback Deal Report
  • Mexico Raises Isthmus Prices for December
  • Urals Price up for December
  • Sea War Continues: Two More Raids on Kharg
  • SABIC Posts Higher 1985 Income
  • Petromin to Supply 100% of LPG Contract Volumes in December 
  • Delays in Iraqi Crude Deliveries at Yanbu'
  • Contract for North Yemen's 10,000 b/d Refinery Awarded to Petrofac of the US
  • PDO Starts Production from Sayyala Oilfield
  • Work Nearing Completion on First Phase of Petrochemical Complex
  • Kuwait and China Sign Investments Guarantee Agreement
  • New Managing Director for QGPC
  • IPIC to Study Kuwait's Experience before Going Downstream
  • IFP Chairman Foresees Long, Slow Market Turnaround

Financial & Banking News

  • KUWAITI BANKS AWAIT DECISIVE ACTION
  • UAE Finance Minister Says Governmrnt Borrowing Is Unnecessary
  • OIB and NBO Arrange RO7mn Omani Deal 
  • Riyad Bank Wins Saudi Cable Mandate
  • Arab Banks Co-manage 12 Bond Issues
  • IDB Approves $135mn Aid Package
  • IBRD Lends Jordan $10.2mn 
  • West Germany Lends Morocco $20mn
  • Saudi Arabia Pays Baghdad Summit Commitment
  • West Germany Grants North Yemen $10mn

The Political Scene

  • The Middle East Situation
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