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Issue 35

Oil News

  • OPEC Crude Production Exceeds 17mn b/d in May
  • Norway Likely to Extend Production Cuts
  • Lukman Focuses on OPEC Indebtedness
  • Hodel Sees Prices Rising to $33/B in 2000
  • The US Goes it Alone in the Gulf
  • Kuwaiti Bid for Stake in Spain's CEPSA Refining Group
  • Gas Production to Rise 76.2% in Coming Five Years
  • Suez Canal: Vessel Transits Down, Oil Cargo Up in 1986
  • 70 Productive Wells Drilled since 1972
  • Aradet Inaugurates 50,000 ton/year LAB PLant
  • Netback Values

Financial & Banking News

  • Abu Dhabi Takes Step Towards Legalizing Interest
  • Pyramids Bank, Still Losing Money, Awaits Takeover Approval
  • Correction: Commercial Bank of Kuwait 1986 Profits

The Political Scene

  • The Middle East Situation
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