Issue 12/13
Oil News
- NO DISAGREEMENT IN GCC OVER OIL
- Iran Finalizes 1Q Crude Sales Contract with Showa-Shell
- Kuwait Finalizes lQ 1989 Contracts with Japanese Buyers
- Iraq Encounters Japanese Resistance to 1Q 1989 Price Ideas
- North Yemen Term Contracts Finalized
- New Oil and Gas Discoveries
- Brazil Fails to Win $900mn Car Deal with Iraq
- Syria Concludes Agreements with Marathon and BP
- Omar Field to Start Production in Early 1989
- QGPC Awards North Gas Field Modules Contract to Saudi Belleli
- Gupco Discovers Oil North of October Field
- Oil Prices Remain Unchanged for Second Half of December
- IPIC Doubles Stake in Spain's CEPSA
- Basic Laws for Joint Exploration Company Approved
- Sultan Qaboos Confirms Agreement with South Yemen on Disputed Border
- GCC-EC Negotiations on Free Trade Pact to Start in 1989
- Netback Values
Financial & Banking News
- Egyptian Regulators Face Auditing Problems with Islamic Companies
- NCB Denies Buying Stake In Bank Al-Jazira
- Widening GCC Current Deficit Forecast for 1989
- Egyptian Minister Predicts Early IMF Deal
- Kuwait Satisfied with Extended Deadline for Sale of BP Stake
- Saudi Bond Issues Exceed Target
- IBRD Lends Morocco and Egypt $236mn
- IDB Approves $67mn in Loans and Grants
- KFAED Lends Indonesia $19.9mn
- IEAD Assists Sudanese Rural Project