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Issue 32

Oil News

  • RECONSTRUCTION ON THE MOVE IN SOUTH IRAQ
  • KOTC Purchases Two ULCCs from Danish Shipping Line
  • Saudi Arabia again Denies Reports of Over-Quota Production
  • Ibn Zahr's MTBE Plant Shut Down for Repairs
  • NSC to Order New Chemical Carriers
  • Catalytic Reforming Unit to be Added to Skikda Refinery
  • Iran to Double Oil Exports to China to 40,000 b/d
  • NIOC Orders Finnish Platform for Caspian Exploration
  • Abadan Refinery Resumes Fuel Oil Exports
  • Coastal and Mitsubishi Win Basrah Fuel Oil Tender
  • Iraq Inaugurates $240mn Irrigation and Power Project
  • Oil and Gas Production Split Set at 80/20 in Shell's Amended Badr al-Din and Sitra Concession
  • Ayoub Says Egypt Not Yet Decided as yet on Continuation of 5% Oil Export Cut
  • Egypt Plans to Maintain Production at 870,000-900,000 B/D
  • Petrojet Starts Construction of Gas Treatment Plant at Abu Sinan
  • Main Terms of Elf Concession Agreement
  • Balco's Sales Rise by 9.5% in 1988
  • GREEN Holds 8th International Symposium
  • Netback Values

Financial & Banking News

  • Lebanese Banks Lose Licenses in Paris and Geneva
  • NCB Earnings Decline as Heavy Provisioning Continues
  • ALUBAF Arab International Increases Profits
  • Gulf Riyad Returns to Profit

The Political Scene

  • The Middle East Situation
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