Issue 22
Oil News
- DEVELOPMENT OF NEW OILFIELDS WILL BOOST IRAQ'S OUTPUT CAPACITY BY 300,000 B/D IN 1990
- NEW PRICE FORMULA BOOSTS SALES OF NEUTRAL ZONE KHAFJI CRUDE
- Yamani Warns of Future Oil Supply Crisis and Urges Consumers to Initiate Dialogue with Major Producers
- Norway Pledges Continued Support for OPEC
- Herrington Repeats opposition to Oil Import Fee
- Otaiba Denies Offering Price Relief to Japanese Buyers
- Turkish Oil Pipeline Runs into Financial Problems
- Italy's Saipem Awarded Pipeline Contract
- Prices of All Crude Reduced by $1.00/B for First Half of March
- Omani Minister Reaffirms Support for OPEC
- Fourth Arab Energy Conference to be held in Baghdad Next Week
- Netback Values
Financial & Banking News
- Mexican Bonds Find Few Buyers
- Kuwaiti Budget May Increase Development Spending
- OPEC Current Account Deficit Declines during 1987
- NBD Profitability Unchanged
- Correction
- Fifth Kuwaiti Government Issue Over-Subscribed
- GIB Mandated for Turkish and Greek Deals
- IBRD Lends Morocco and Tunisia $118mn
- KFAED lends $73mn to Six African Countries
- IDB Lends $24mn to Three Member Countries
- OFID Lends $9mn to Three African Countries
- Sudan Receives Aid from the EC, France and USA
- AMF Lends South Yemen $15mn
- France Lends North Yemen $25mn
- Egypt Receives Grants from Japan and the UK