Issue 17
Oil News
- MARKET FOCUS SHIFTS TO AFRICA/MEDITERRANEAN
- Lukman Denies Netback Pricing
- Malaysia Produces Nearly 500,000 b/d in 1986/87
- Oman Ready to Cut Output by 5%
- Egypt Willing to Cut Oil Output to Help Stabilize Market
- Parliament Postpones Questioning of Oil Minister
- Crude Oil Production Averages 881,376 b/d in 4Q 1987
- Israel To Continue to Purchase 40,000 b/d of Egyptian Crude
- Iraq Hits Two more Shuttle Tankers
- Britoil and Lasmo Acquire Interests in Elf Concession in South Yemen
- CEPSA To Sign Production-Sharing Deal
- Cabinet Reshuffle in Kuwait
- Oman to Develop Gas Production Plants
- Dubal Says 1987 Was best Year Since Start Up in 1979
- Netback Values
Financial & Banking News
- Debt Ceiling to Be Raised to Finance Bahrain's $159mn Budget Deficit in 1988
- SAMA's Governor Rules Out Riyal Devaluation
- NBK Returns Profits for Third Consecutive Year
- Saudi Cairo Reports Loss in 1986
- Provisions for Bad Debts Total $4bn in UAE at End of 1987
- Al-Tawfeek Launches Islamic Investment Instrument
- OFID Lends $43.6mn to 10 Countries
- Finland Extends $78mn in Aid to Egypt
- Sweden Lends Jordan $7.5mn
- Kuwait, EC and CFID Extend Aid to Palestinians In the Occupied Territories