Issue 16
Oil News
- BUDGET STILL CONFUSED OVER DIRECTION
- UAE Cabinet Reiterates Backing for $18/B Price
- Abu Dhabi Buys 10% of Spains CEPSA
- Abu Dhabi's Umm al-Anbar Field to Start Production
- New Demand Figures Indicate Strong Second Half in Oil Market
- US Production Down, Import Up in 1987
- French Warship Intervenes to Halt Iranian Attack
- Prices of all Crudes Reduced by 90 Cents a Barrel for Second Half of January
- Oil and Gas Output Up 17% in January-September 1987
- First Shipment of North Yemeni Crude Arrives in South Korea
- Syria Switches Sales to Traders
- Gasoline Prices Up 53.8%
- Engineering Agreement for Oilfields Signed with the Soviet Union
- Debts to West Germany Paid in Crude Oil
- Algeria Raises Gas and LPG Production in 1987
- Iran Plans Petrochemical Expenditures
- Tariff Issue Could Delay GCC-EC First Stage Accord
- Netback Values
Financial & Banking News
- King Fahd Suspends more Austerity Measures
- Islamic Investment Company Collapses in Egypt
- FIME Launches International Futures
- KIO Stabe in Banco Central Transferred to New Construction Company
- Egypt Receives $109mn in Japanese Aid
- France Renews Soft Loans to Syria
- AFESD and EC Aid to Agricultural Development in tbe occupied Territories
- Kuwait and ICD Provide Aid to the Occupied Territories and Lebanon
- IDB Lends Algeria $20mn
- EIB Lends Somalia $18mn for Power Project
- BADEA Lends Uganda $6.77mn