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Issue 28

Oil News

  • PROSPECTS IMPROVE FOR FUTURE QATAR GAS EXPORTS
  • IEA Raises Estimated 1Q OPEC Crude Output by 0.2mn b/d
  • Tehran Editorial Urges Continued Iranian-Saudi Cooperation in OPEC
  • USSR to Continue its Support for OPEC
  • Saudi Contract Volume Cutbacks in May Slightly Deeper Than in April
  • Saudi/GCC Group to Build Chemical Plant at Jubail
  • Kellogg to Provide Process Technology for Yanpet's Expansion
  • Luberef's 1988 Output Up 5%
  • NIOC Invites Bids for Kharg Repairs
  • President Husain calls for Incentives to Improve Oil Industry Performance
  • Joint Exploration Company Statutes Ratified
  • No Change in Qatar's April Price Formula
  • Syria ConcludeS Oil Exploration Agreements with Pentagon
  • ELPC to Invite Bids for North Sinai Acreage
  • JGC Corporation Starts Construction Work on Banagas Expansion Project
  • Texas Court Dismisses Appeal by Arabian Shield and Dorchester
  • Crude Oil Imports by India and Yugoslavia in 1989
  • Netback Values

Financial & Banking News

  • Kuwaiti Budget Deficit Widens in First Half 1988/89
  • Kuwaiti Government Oil Revenues Drop 31% to $5.6bn in 1988
  • Egypt Inches Forward with Austerity Package, Hits Black Marketeers
  • Alahli Bank of Kuwait First to Report Lower Profits
  • Gulf Bank Appoints New Chairman, Reports Higher Profits
  • SB Profits Recover as Provisions Drop
  • BAII-Results - Correction
  • KIO Sells Spanish Banking Interests, Plans Reinvestment in Spain
  • IBRD Lends $211mn to Algeria
  • KFAED Lends $7mn to Senegal
  • West Germany Aids Jordan

The Political Scene

  • The Middle East Situation
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