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Issue 13

Oil News

  • Despite Diversification Plans Iran Will Remain Dependent on Kharg Terminal for Some Time To Come
  • Shell Finalizes 1986 Netback Deal with Iran
  • Kuwaiti Tanker Attacked by Iran
  • Iran Still Suspending Crude Oil Deliveries to Syria
  • Mexico Cuts December Prices: Will Move to Market-Oriented Mechanism
  • Dates Set for Meeting of OPEC Policy Committee
  • Exxon Acquires 49% Stake in Hunt Concession
  • KPC Registers Net Profit of $721mn in Fiscal 1984-85
  • Kuvait's Prosecutor General Clears KPC Officials in Santa Fe Purchase
  • KIPIC Shareholders Agree to Liquidation
  • Chevron Suspends Exploration
  • Gas Output Expected to Rise to 9.8Bn Cu. Ms. in 1990
  • QAFCO to Construct Third Ammonia Plant
  • Iraq and Jordan Sign Trade and Energy Accord
  • Expansion Project of Yibal Gas Plant Commissioned
  • Saudi Arabia and Bahrain Form Causeway Authority
  • Arab Petrochemical Seminar to be Held in Bahrain
  • GOIC Signs Agreement with Iraq for Arab Float Glass Plant

Financial & Banking News

  • Minister Defends Controversial Loans
  • $2bn of Kuvaiti Reserves Lent to 17 Principal Borrowers
  • UAE Budget Delayed, Sharjah to Contribute to Federal Revenues
  • AMF Lends $112.5mn to Three Arab Countries
  • IDB Lends $24mn to Morocco and Tunisia 
  • BADEA Approves $23.35mn in Aid Loans to Six African Countries 
  • US Extends Aid Worth $140mn to Egypt
  • IDA and Canada Lend $36.6mn to Sudan
  • IDA Lends North Yemen $12.7mn

The Political Scene

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