Issue 45
Oil News
- Saudi Crude Prices for September; Customers Offered Full Contract Volumes
- Saudi Aramco Orders Turbines for Petroline Expansion to 5mn b/d
- Libya Awards Exploration Acreage to Braspetro, OMV and Husky
- Kuwait Oil Minister Says Kuwait Has Cut Output by 400,000- 500,000 b/d and Is Now Producing Close to 1.35mn b/d
- KPC's Net Profits Estimated to Rise by 13% in 1989-90 Budget
- IPSA-2 to Start-up on 19 September
- Bandar Abbas Refinery Project Temporarily Suspended Due to Financing Dispute
- Rafsanjani Says Domestic Gas Development Will Free 500,000-700,000 b/d of Oil for Export
- Hunt/Exxon Venture Declares Asa'ad al-Kamil Field Commercial
- DOE Approval for Distrigas to Take 48 Cargoes of Algerian LNG
- Oman Price for July
- Suez Canal Transits and Revenues Up, Oil Flow Down in 1988
- Amal Associated Gas Project Goes on Stream
- Nigeria to Channel 300,000 b/d into Downstream Ventures
- Netback Values
Financial & Banking News
- Jordan Orders Merger of Two Banks
- Riyad Bank Profits Surge
- Egypt to Set up Joint Venture Merchant Bank
- Iran's Imports to Absorb 50% of Foreign Earnings
- Value of Oman's Oil Exports Down 14.8% in 1988
- Jordan Granted Over $300mn in Arab Aid
- OFID Lends $93.3mn in 1988
- US Aid to Egypt
- EIB Approves $54.5mn Loan for Algeria