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Issue 32

Oil News

  • SAUDI GOVERNMENT INSISTS ON APPLICATION OF OPEC PRICE AND PRODUCTION ACCORD TILL END OF 1987
  • Iran Calls for Oil Price Increase to Compensate for Falling Dollar
  • Nigeria's Lukmann Favors Retention of $18/B OPEC Price Rather than Attempted Increase
  • Otaiba Reiterates UAE Demand for Higher Quota, but Warns against any Attempt to Raise Prices
  • Kuwaiti Minister Says Critical Period for December Agreement is Past
  • Signs of Change in US Attitude towards OPEC
  • Soviet Chartered Tankers Start Lifting from Kuwait; Reregistration of Kuwaiti Tankers under US Flag Expected Shortly
  • Hunt Production Sharing Terms Explained
  • Qatar Crude Moving at 40 Cents/B Discount
  • Idemitsu Signs up for 30,000 b/d Iran Term Contract
  • Khalda Petroleum Makes Three New Discoveries in Western Desert Concession
  • Egypt Commissions Associated Gas Recovery Project in Suez Gulf
  • Apicorp Lends $30mn for Banias Refinery and Tayyim Field
  • Yugoslav Firm Starts Ethylene Complex at Ras Lanuf
  • Near Capacity Production at Sharjah's LPG Plant
  • SABIC to Export Fertilizers to Taiwan
  • APTI Inaugurates New Headquarters
  • EC Levies Anti-Dumping Duties on Urea Imports from Arab and Other Countries
  • Netback Values

Financial & Banking News

  • Saudi Bank Profits Drop 44% in 1986
  • Big Abu Dhabi Banks Improve Results
  • Legality of Interest Payments Questioned in Egyptian Peoples Assembly
  • Correction
  • Egypt Acquires Another Exchange Rate
  • Finland KD Issue Oversubscribed

The Political Scene

  • The Middle East Situation
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