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Issue 38

Oil News

  • BRIONI: OPEC EDGES TOWARDS MAJORITY AGREEMENT ON PRICE AND PRODUCTIONTARGETS
  • King Fahd Calls for Return to 16mn b/d OPEC Ceiling
  • Petromin Sells Products Spot
  • Petromin Reduces LPG Prices
  • YANPET Plant Running at 10% above Design Capacity
  • Iraq Seeks to Dispense with Syrian Pipeline "Completely and Forever"
  • Iran Attacks Philippine Tanker near Strait of Hormuz
  • New Trade Agreement between Iran and Turkey
  • Negotiations with US Companies Inconclusive
  • Distrigaz to Take 3bn Cubic Meters under Interim LNG Agreement
  • PDO Makes New Discovery in South Oman
  • Lebanon Raises Product Prices again
  • Sharjah to Start LPG Exports to Japan
  • Umm al-Quwain Sets Up Aluminium Company
  • Libya to Supply Petroleum Products to the Sudan
  • Murphy Plans to Start Production from Small Horus Field in August
  • Sumed Revenues Amount to $26.1mn in FY 1983-84
  • Price of Imported Oil Falls 53.6% in Japan

Financial & Banking News

  • Kuwaiti Spending Steady Despite Lower Income
  • Saudis Revise Budget Deficits Downward
  • Mexicans Return to Hardline Debt Position
  • Arlabank Announces Shareholder Support Program
  • AMF Disburses $179mn in 1985
  • SFD Lends Morocco $45mn
  • IDB Lends $45mn to Turkey and Bangladesh
  • Saudi Arabia Provides Assistance to Djibouti
  • OFID Approves $9mn Aid Package and Disburses $12mn
  • West Germany Lends Jordan $11mn

The Political Scene

  • The Middle East Situation
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