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Issue 11

Oil News

  • Iran and Kuwait Ask Japanese Customers for Higher Prices for lQ 1989
  • North Yemen Sets Volumes and Prices for l989 Crude Sales Contracts
  • Qatar Finalizes September-November Prices
  • Otaiba Advocates Increase of OPEC Ceiling to 20mn b/d in mid-1989
  • Venezuela's President-Elect Proposes OPEC Summit Meeting
  • US Energy Secretary Says OPEC Will Not Succeed in Raising Oil Prices
  • Trucked Crude Oil to Be Cut by 90,000 b/d
  • Plans Underway to Start Production from Abadan and Kangan Plants by Next April
  • Damage and Casualties in the Tanker War
  • Oman Signs Production Sharing Agreements with Amoco and Wintershall
  • Total Starts Production from Amal Field
  • Dugas to Process Margham's Natural Gas
  • SABIC Criticizes EC Decision to eliminate Duty-Free Quotas for Saudi Petrochemicals
  • JGC Corporation Wins Pemref Contract
  • Nigeria Uses $12-14/B Price for Planning
  • Fadhil Al-Chalabi Receives Energy Economics Award from British Institute

Financial & Banking News

  • Kuwait Raises Interest Rates
  • Chase Manhattan to Sell Full SAIB Stake
  • Iran and Iraq Run Down Foreign Assets
  • Saudi Arabia Criticises Report of Budget Cuts
  • GIB Arranges Turkish and Moroccan Deals

The Political Scene

  • The Middle East Situation
  • 'Arafat's Press Conference

Op-Ed & Documents

  • OPEC AND THE OIL MARKET
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