Issue 22
Oil News
- Libya Sustains 1.65mn B/D Output On Current Production Test
- US Crude Imports from OPEC Rose by 25% in 1989
- Saudi, Iraqi and Kuwaiti Oil Ministers to Meet for Coordination Talks
- Technip Wins Management Contract for Completion of IJPC Complex
- Iran Orders Tankers from Korea
- Shaikh Khalifah Reiterates Call for Higher UAE Quota
- NOC Signs Production Sharing Agreement with Petrofina
- Basrah Lube Oil Plant Commissioned
- Egypt Reduces Oil Prices by 60 Cents/B for First Half of March
- Petrofina/Arco to Drill First Exploratory Well in April
- Yugoslavia Signs Gas Transit Contract with Tunisia
- SABIC to Acquire 10% Stake in New Saudi Company
- Libya Holds Conference on Enhanced Oil Recovery
Financial & Banking News
- Kuwaiti Budget Deficit Grew despite Higher Revenue in 1988/89
- UAE's Oil Exports Top $10bn in 1989
- Saudi Fransi Shows Modest Improvement
- Saudi Hollandi Cuts Lending and Improves Profits
- Commercial Bank of Dubai Reports Profit Increase
- Recent Aid Agreements