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Issue 47

Oil News

  • YCIOMR Provisionally Selects US/French/Soviet/Kuwait Con sortium for Development of Joint Area
  • NOC Holds Exploration Talks with Agip and Veba in September
  • Libya and Turkey Reach Agreement on Trade Dispute
  • NIOC Studying Bids for Kharg Reconstruction
  • Turkey to Import 100,000 b/d of Crude Oil from Iran
  • Mitsui Denies $1.25bn Settlement of IJPC Dispute
  • Aghazadeh Retains Post as Oil Minister
  • Isfahan Refinery Running at 50% Over Design Capacity
  • UOP Process Selected for PC2 Aromatics Complex
  • Eight New Berths Inaugurated at Khor al-Zubair
  • FPC Output Rises to 200,000 b/d
  • KNPC's Net Income Rises by 21% to $268.5mn in 1987-88
  • Plans to Boost Output of Khalda and Agiba
  • Output of Belayim Marine to Rise by 12,000 b/d
  • PDO Estimates Annual Exploration Expenditure at $300mn
  • Publications Received
  • Forthcoming Publication
  • Netback Values

Financial & Banking News

  • Petro Finance Predicts Narrowing OPEC Deficit
  • Iranian Economy Is 'Sick' According to Head of Majlis Budget Committee
  • Contradictory Fatwas on Interest Cause Confusion in Egypt
  • Former Chief of Petra Bank May Be Prosecuted

The Political Scene

  • The Middle East Situation
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