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Issue 51

Oil News

  • OPEC PRODUCTION AGREEMENT STILL FACES OBSERVANCE PROBLEMS
  • Iranian Oil Exports Around 800,000 b/d in September
  • Venezuela Not Overproducing Says Grisanti
  • Otaiba Favors Extension of Quota Agreement
  • Malaysia Cuts Production
  • Herrington Warns of Return to Dependence on OPEC
  • UK Revenues Hit by Price Collapse
  • North Yemen/Hunt Oil Award Contract for Export Pipeline
  • South Yemen Signs Production Sharing Agreement with Canada's Occidental and CCC
  • ADNOC Implements Umm Shaif Khuff Gas Development Project
  • Zenno Signs LPC Deal with Abu Dhabi
  • Ministry of Energy and Nines Denies Liquidation of WNPC
  • First Platform Installed at Bouri
  • Libya Reschedules Ghanaian Oil Debt 
  • War Losses Reach $309bn
  • JNCC to Assist Egypt in Sinai Geological Surveys
  • Power Grid Study Approved
  • OAPEC Oil Production Fell 5.7% in 1985

Financial & Banking News

  • Sale of Fiat Stake Boosts Libyan Reserves
  • Arab Banks Manage 102 Issues this Year
  • Algeria Cuts Oil Revenue Estimates by 40%
  • IBRD/IDA Commit $1,016.8mn to Arab Countries in FY 1986
  • Saudi Arabia Pays $28.5mn to PLO
  • IDB Leeds $32mn to Egypt and Pakistan
  • BADEA Tends $11.72bn to TWD African States 
  • IFAD Trends Morocco $8mn
  • US Grants Egypt $649mn
  • EEC Provides Aid to Three Arab Countries
  • West German Soft Loan to Sudan.

The Political Scene

  • The Middle East Situation
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