Issue 42
Oil News
- Bush Maintains Economic Sanctions Against Libya
- Preparations for Yemen Joint Zone Exploration Bidding; US/French/Soviet/Kuwaiti Group Agree on Consortium Structure
- British Firm Wins Contract for West Qurna Field
- Italy's Tecnimont Awarded Contract for Petrochemical Complex No. 2
- Indian Firm to Work on Baiji Fertilizer Expansion Project
- Iran and Soviet Union to Drill in Caspian
- 1988 Oil and Gas Output Down 2.8%, Net Oil Export Revenues Fall 48.3%
- Amoco Makes Substantial Discovery in North October Permit
- Kandil Signs Six Oil Agreements
- Prices Reduced by 25 Cents/B for Second Half of July
- Cabinet Reshuffle in Qatar; Oil and Finance Minister Retains Post
- QGPC Plans $500mn Joint Venture Petrochemical Complex
- OPEC Task Force Starts Work on Long-Term Strategy
- Arab Engineering Company Liquidated
- Stockwatch Posits Global Stockdraw of 700,000 b/d in June
- South Korean Oil Demand to Rise 18% in 1990
- Arco Dubai to Drill New Well
- Crude Oil Production Declines 1.88% in 1988
- Algerian Appointed APPA Executive Secretary
- Publications Received
- Netback Values
Financial & Banking News
- GIB Half-Year Profits Rise 10.6%
- Another Lebanese-owned Bank Fails in Paris
- TAIC's Profits Fall in 1988
- Franqul Appointed Governor of Central Bank of Iraq
- Jordan Opens Talks with Paris Club
- Kuwait's Trade Surplus Down 46% in 1988
- Sudan Faces Cash Crisis
- IBRD and IDA Lend $440.2mn to Five Arab Countries
- France Signs FF1.1bn Economic Cooperation Agreement with Egypt
- Japan Lends $126mn to Five Arab Countries