Issue 06
Oil News
- SAUDI ARABIA WILL SEEK TO INCREASE PRODUCTION AT $18/B FOR SOME TIME TO COME
- MARKET OUTLOOK CLOUDED BY DISTRESS CRUDE OFFERINGS
- Negotiations Still Underway on Prices and Marketing Agreements
- Hunt Asks US Court to Dismiss Dorchester/Arabian Shield Case for Lack of Jurisdiction
- Iraq Damages another Shuttle Tanker
- IEA Reports 1.5% Growth in OECD Demand in Third Quarter
- OPEC Quota Committee Starts Second Leg of Tour of Member Countries
- Zamil Rules Out Reciprocal Tariffs on EC Exports
- Saudi Government Raises Super Gasoline Price by 52.6%
- Petromin Revives Luberef 2 Project
- Saudi Ministry Issues License for Local Offset Company
- No Increase in Suez Canal Transit Tolls Is Planned for 1988
- Iraq to Build 150,000 b/d Refinery
- Agreement to Establish Joint Petroleum Companies
- Netback Values
Financial & Banking News
- Collapse of Arabian Auto Deal Raises Fresh Doubts in Saudi Debt Crisis
- Egyptian, Moroccan and Iraqi Rescheduling Signed
- ADIA Buys 5% of CFP-Total
- Brazil Lifts Interest Moratorium, Lets in IMF
- Summit Conference ends Collective Aid
- BADEA's Ayari Given Extended Leave Pending Investigation
- France Provides Egypt with $422mn in Loans and Grants
- EC Provides $288mn in Soft Loans to Algeria
- ADB lends Egypt $134mn
- Saudi Arabia Pays $148mn to Jordan and tbe PLO
- UNDP Allocates $41mn to Sudan
- UK Assists Jordan With Computer Education