Issue 11/12
Oil News
- COLLAPSING MARKET PUTS OPEC'S OFFICIAL PRICE STRUCTURE IN JEOPARDY
- Term Crude Buyers Intensify Pressure for Price Discounts
- Saudi Arabia and Kuwait Renew Agreements on War Relief Crude Supplies To Iraq
- Both Sides Keep up Attacks on Gulf Shipping
- South Yemen's Oil Reserves Estimated at 3.75mn Barrels
- Kandil Urges OPEC Members to Uphold Vienna Accord
- Oil Prices Remain Unchanged for Second Half of December
- Freeport Concludes Second Sulphur Exploration Agreement with Egypt
- November Assessment Price Set at $l7.07/B
- Canadian Team to Start Seismic Survey in January
- GCC to Study Possibility of Extending Oil Assistance in Emergencies
- Netback values
Financial & Banking News
- KIO Stake in BP Exceeds 15%
- Yugoslav Interest in Cyprus Banking Grows as Regulations Ease
- KIO Buys into Spanish Plastics Company
- Kuwait Oil Revenue Up 4.5% in First Half
- Oversubscription of Third Kuwaiti Government Issue Leads to Increase
- Brazilian Deal Agreed As Write Offs Increase
- IBRD Lends Jordan $40 for Educational Programs
- KFAED Lends Mauritania $6mn
- Saudi Arabia Grants Lebanon $10mn
- European States Aid Lebanon