Issue 37
Oil News
- QUOTA DISCIPLINE LIKELY TO BE OPEC'S PROBLEM IN SECOND-HALF 1988
- Saudi Arabia and Texaco Sign Letter of Intent on 50-50 Us Downstream Venture
- Petromin Announces Reorganization of Spot Product Sales Committee
- North Yemen Receives High Premium for Second Half Crude Oil Sales
- YEPCO/IPG Spud Second Onshore Well in Balhaf Concession
- Joint Oil Company Established
- Mubarek Oilfield Resumes Production
- Iran Attacks Three Ships
- Oil Prices Reduced by 50 Cents for Second Half of June
- GPC to Raise Output Capacity of North Muir Field to 11,000 B/D
- Apicorp Reinstates Full Membership of Egypt
- GCC and EC Sign First Stage Cooperation Accord
- Gas Transport Company Established
- Iran Signs Transportation Agreements with the USSR and Bulgaria
- Netback Values
Financial & Banking News
- New Al-Rajbi Bank Seen as Major Challenge to Saudi Banks
- UAE Central Bank Charges for Licenses
- CIDCO, AGICO Abandon Merger Plans
- Management Buys Into BAII's London Broker
- Al-Malik Confirmed as SAMA Deputy Governor
- Kuwaiti Government Borrows Full KD1.4bn Ceiling
- Saudi Government Issues SRl.5bn in Bonds
- Oil exporters Deficit Cut in 1987