Issue 18
Oil News
- ARAMCO MAJORS SIGN FIVE-MONTH FIXED-PRICE CONTRACT WITH SAUDI ARABIA
- Herrington Urges Measures against Growing Independence OPEC
- US Industry Spokesmen Stress Threat of Import Dependence
- Baker Says Oil Import Fee Unlikely
- Iran Sees "Good Signs" for OPEC Agreement
- Oman and Abu Dhabi Prices Rise for January:
- Norwegian Parliament Approves Production Cut
- Saudi Arabia Denies Forecasts of Overproduction
- Saudi Arabia Hikes LPG Prices
- Five companies Bid for Saudi Submarine Deal
- Lloyd's Doubles Insurance for Ships Sailing to Kuwait:
- Decree Law Setting up Supreme Petroleum Council Amended
- Trade Agreement with Czechoslovakia
- Greece to Buy Algerian Crude
- USSR to Construct Second Phase of Haswah Power and Desalination Plant
Financial & Banking News
- Saudi Banks Find the Going Tougher
- Egyptian State Banks Increase Provisioning
- Investcorp Posts 26% Earnings Rise
- EDBE Makes Cautious Start
- Lebanese Bank Gets Cyprus OBU License
- Foreign Banks Reduce Presence in Egypt, Jordan
- Algeria Agrees to ever Stiffer Terms for New Money
- KFAED Lends $300mn in FY 1985/86
- Kuwait and Saudi Arabia Account for 96% of OPEC Aid
- IBD Lends $39mn to Four Member Countries
- West Germany Grants North Yemen $12mn
- Japan Grants North Yemen $3mn