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Issue 46

Oil News

  • Still No Agreement on Mitsui Pulling out of IJPC
  • Japan Buyers Raise 3Q Kuwait Liftings to 200,000 b/d
  • KPC Signs Contracts to Supply Thailand with Crude and Fuel Oil
  • Japanese Liftings of Basrah Light Boosted to 200,000 b/d for 3Q/4Q
  • Iraqi Oil Official Sees Demand for OPEC Crude Rising to Comfort Zone of 22-23mn b/d by 1992
  • CFP-Total Contracts to Refine 10,000 b/d at Oman Refinery
  • Egypt Raises Prices by 50 Cents/B for Second Half of August
  • SABIC's 1988 Income Surges to Record Levels
  • Alumix of Italy Signs Letter of Intent for Saudi Smelter
  • Turks Sign Contract for LNG Terminal
  • Bayou Heads New Sonatrach London Office
  • Publications Received
  • Netback Values

Financial & Banking News

  • Saudi Cairo's Loss Reduced to SR2.5mn
  • More of Egypt's Islamic Companies Comply with Law 146
  • Lebanon's Foreign Currency Reserves Put at $1bn
  • Jordan and Soviet Union Close to Rescheduling Debt
  • AMF and SFD Lend Morocco $81.5mn
  • KFAED Lends Tunisia $34mn
  • US Releases $115mn to Egypt
  • OFID Extends $23mn to Four Countries
  • IDB Lends $23.4mn to Three Member States
  • Kuwait Budget 1989-90

The Political Scene

  • The Middle East Situation
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