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Issue 28

Oil News

  • Kuwait's 'Ali Khalifah Says OPEC Crude Price Should Not be Permitted to Rise Above $18/B
  • USSR Confirms Charter of Three Soviet Oil Tankers to Kuwait
  • Japanese Liftings of Kuwait Crude
  • Iraqi President Calls for Higher Output of Crude and Products
  • More Casualties in Gulf Shipping War
  • Iran Denies Reports of Discounts
  • South Yemen Confirms Soviet Oil Finds in Shabwa
  • Hamra-Krouha Succeeded by Mazrouei as ADNOC General Manager
  • Abu Bukhoosh Facilities Partially Repaired
  • Arco Makes Heavy Oil Discovery in Suez Gulf
  • Parliamentary Production Committee Approves Concession Agreements with Phillips and Amoco
  • Production Averaged 218,000 b/d in First Quarter
  • Saudi Arabia Urges Japan to Lift More Oil
  • Libya and Uganda Sign $60mn Barter Deal
  • North Yemen Oil Statistics
  • Japanese Producers Hard hit by Falling Prices and Dollar
  • Netback Values

Financial & Banking News

  • Saudi Arabia Introduces Regulatory Changes to Banking Sector
  • NBK Chief Calls for Better Arab Bank Management
  • Burgan and Commercial Bank of Kuwait Profitable again
  • UGB Shrinks Rapidly, but Returns to Profit
  • KIC Posts First Profit for Four Years
  • KFTCIC, SIB and ABC Dominate Arab Bond Market Activity
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